STAND. COM. REP. NO.  593

Honolulu, Hawaii

                , 2015

RE:   H.B. No. 173

      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. 173 entitled:

"A BILL FOR AN ACT RELATING TO THE REPEAL OF FUNDS AND ACCOUNTS,"

begs leave to report as follows:

The purpose of this measure is to repeal and transfer the unencumbered balances of the following funds and accounts to the credit of the general fund:

     (1)  Aloha Tower Fund;

     (2)  Transportation Use Special Fund;

     (3)  Amtrak Trust Account;

     (4)  Hurricane Iniki Insurance Proceeds Special Fund; and

     (5)  Deposits-Plans and Specifications Trust Account.

The Department of Transportation and the Office of the Auditor supported this measure.  Tax Foundation of Hawaii commented on this measure.  

     Your Committee has amended this measure by removing the repeal of the Aloha Tower Fund.  Technical, nonsubstantive amendments were also made 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. 173, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 173, 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