STAND. COM. REP. NO.  1475

Honolulu, Hawaii

                , 2011

RE:   S.B. No. 590

      S.D. 1

      H.D. 2

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 S.B. No. 590, S.D. 1, H.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 (Commission) from June 30, 2011, to December 31, 2011.

     The Commission supported this bill.

     Your Committee has amended this measure by changing its effective date to June 29, 2011.

     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 S.B. No. 590, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 590, S.D. 1, H.D. 2.

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

____________________________

MARCUS R. OSHIRO, Chair