STAND. COM. REP. NO.  987

Honolulu, Hawaii

                , 2011

RE:   S.B. No. 590

      S.D. 1

      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 Economic Revitalization & Business, to which was referred S.B. No. 590, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE LEGISLATIVE FEDERAL ECONOMIC STIMULUS PROGRAM OVERSIGHT COMMISSION,"

begs leave to report as follows:

     The purpose of this bill is to extend the sunset date of the Legislative Federal Economic Stimulus Program Oversight Commission (Oversight Commission) from June 30, 2011, to December 31, 2011.

     The Department of Business, Economic Development, and Tourism supported this bill.  A concerned individual opposed this measure. 

     Your Committee has amended this measure by changing its effective date to July 1, 2112, to encourage further discussion.

     As affirmed by the record of votes of the members of your Committee on Economic Revitalization & Business that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 590, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 590, S.D. 1, H.D. 1, and be referred to the Committee on Legislative Management.

Respectfully submitted on behalf of the members of the Committee on Economic Revitalization & Business,

____________________________

ANGUS L.K. McKELVEY, Chair