STAND. COM. REP. NO.  783

Honolulu, Hawaii

                , 2011

RE:   H.B. No. 1076

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1076 entitled:

"A BILL FOR AN ACT RELATING TO EMPLOYMENT SECURITY LAW,"

begs leave to report as follows:

     The purpose of this bill is to specify that funds received by the State from the 2009 special administrative transfer be used solely for the payment of the administrative expenses arising from Hawaii's Employment Security Law, Chapter 383, Hawaii Revised Statutes (HRS).

     The Department of Labor and Industrial Relations testified in support of this bill.

     Your Committee has amended this bill by:

     (1)  Changing its effective date to July 1, 2030, to encourage further discussion; and

     (2)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1076, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1076, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair