STAND. COM. REP. NO.  676

Honolulu, Hawaii

                , 2011

RE:   H.B. No. 575

      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. 575 entitled:

"A BILL FOR AN ACT RELATING TO SALARIES,"

begs leave to report as follows:

     The purpose of this bill is to assist the State in addressing its financial needs by extending the five percent reduction in legislative salaries until June 30, 2013.

     No testimony was received on this bill.

     Your Committee has amended this bill by:

     (1)  Applying the two-year extension of salary reductions to certain executive and judicial branch positions; 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. 575, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 575, H.D. 1, and be placed on the calendar for Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair