STAND. COM. REP. NO.  1654

Honolulu, Hawaii

                , 2011

RE:   H.C.R. No. 159

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.C.R. No. 159 entitled:

"HOUSE CONCURRENT RESOLUTION CREATING THE TASK FORCE ON ESTABLISHING THE BANK OF THE STATE OF HAWAII,"

begs leave to report as follows:

     The purpose of this concurrent resolution is to create a task force to establish the Bank of the State of Hawaii.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 159 and recommends its adoption.

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

____________________________

MARCUS R. OSHIRO, Chair