STAND. COM. REP. NO. 2472

Honolulu, Hawaii

RE:    S.B. No. 2829

       S.D. 1

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 2829 entitled:

"A BILL FOR AN ACT MAKING AN APPROPRIATION TO THE EMERGENCY AND BUDGET RESERVE FUND,"

begs leave to report as follows:

     The purpose and intent of this measure is to appropriate general funds to the emergency and budget reserve fund now that the State is emerging from a very challenging economic period.

     The Department of Budget and Finance and the Hawaii Primary Care Association submitted testimony in support of the measure.

     Your Committee finds that it is prudent and fiscally sound to accelerate the recapitalization of the State's emergency and budget reserve fund now that the economy is improving.

     Your Committee has amended this measure by changing the amount of the appropriation to an unspecified sum.

     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 S.B. No. 2829, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2829, S.D. 1, and be placed on the calendar for Third Reading.

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

____________________________

DAVID Y. IGE, Chair