STAND. COM. REP. NO. 1342

Honolulu, Hawaii

RE:    H.B. No. 928

       H.D. 1

       S.D. 1

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred H.B. No. 928, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CERTAIN FUNDS UNDER THE DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS,"

begs leave to report as follows:

     The purpose and intent of this measure is to clarify that certain funds of the Department of Labor and Industrial Relations are trust funds.

     More specifically, this measure renames the following funds as trust funds:

(1)  The unemployment compensation fund, established pursuant to section 383-121, Hawaii Revised Statutes;

(2)  The special compensation fund, established pursuant to section 386-151, Hawaii Revised Statutes;

(3)  The special fund for disability benefits, established pursuant to section 392-61, Hawaii Revised Statutes; and

(4)  The special premium supplementation fund, established pursuant to section 393-41, Hawaii Revised Statutes.

     Your Committee received written comments in support of this measure from the Department of Labor and Industrial Relations and the Office of the Auditor.

     Your Committee finds that this measure adopts the recommendations made by the Office of the Auditor regarding the classification of certain funds within the Department of Labor and Industrial Relations.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 928, H.D. 1, S.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair