STAND. COM. REP. NO.  591

Honolulu, Hawaii

                , 2015

RE:   H.B. No. 171

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 171 entitled:

"A BILL FOR AN ACT MAKING AN APPROPRIATION TO THE HURRICANE RESERVE TRUST FUND,"

begs leave to report as follows:

The purpose of this measure is to appropriate funds for fiscal year 2015-2016 to be deposited into the Hurricane Reserve Trust Fund.

The Hawaii Association of Realtors submitted testimony in support of this measure.  The Department of Budget and Finance provided comments on this measure.

     Your Committee has amended the measure by:

     (1)  Changing the appropriation to an unspecified amount to promote further discussion; and

     (2)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

     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 H.B. No. 171, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 171, H.D. 1, and be placed on the calendar for Third Reading.

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

____________________________

SYLVIA LUKE, Chair