STAND. COM. REP. NO.  152

Honolulu, Hawaii

                , 2013

RE:   H.B. No. 139

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Sir:

     Your Committee on Judiciary, to which was referred H.B. No. 139 entitled:

"A BILL FOR AN ACT RELATING TO FUNDS TRANSFERS,"

begs leave to report as follows:

The purpose of this measure is to clarify that state law on funds transfers applies to a remittance transfer unless the remittance transfer is an electronic fund transfer under federal law.

No testimony was received on this bill.

     As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 139 and recommends that it pass Second Reading and be referred to the Committee on Finance.

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

____________________________

KARL RHOADS, Chair