STAND. COM. REP. NO.  1266-12

 

Honolulu, Hawaii

                , 2012

 

RE:   S.B. No. 2412

      S.D. 2

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Economic Revitalization & Business, to which was referred S.B. No. 2412, S.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO CONTRACTS,"

 

begs leave to report as follows:

 

     The purpose of this measure is to implement measures that encourage timely payments to subcontractors for work performed on construction projects and to provide interest penalties for late payments.

 

     The Plumbers and Fitters Union, Local 675; Ironworkers Stabilization Fund; and the Hawaii Building and Construction Trades Council, AFL-CIO supported the measure.  The Department of Budget and Fiscal Services of the City and County of Honolulu, Department of Design and Construction of the City and County of Honolulu, Contractors License Board, Hawaii Laborers' Union, Pacific Resource Partnership, Hawaii Laborers-Employers Cooperation and Education Trust, Hawaiian Electric Company, Hawaii Electric Light Company, Maui Electric Company, Building Industry Association of Hawaii, General Contractors Association of Hawaii, and Ralph S. Inouye Co., Ltd., opposed the measure.  

 

     Your Committee has amended this measure by changing its effective date to July 1, 2112, to promote 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. 2412, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2412, S.D. 2, H.D. 1, and be referred to the Committees on Consumer Protection & Commerce and Judiciary.

 

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

 

 

 

 

____________________________

ANGUS L.K. McKELVEY, Chair