CONFERENCE COMMITTEE REP. NO. 19

Honolulu, Hawaii

                 , 2017

RE:    S.B. No. 941

       H.D. 1

       C.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sirs:

     Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 941, H.D. 1, entitled:

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

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

     The purpose and intent of this measure is to expressly allow Automated Clearing House transactions that debit state treasury bank accounts, if authorized by the Director of Finance.

     Your Committee on Conference finds that specifically including Automated Clearing House transactions as electronic funds transfers for the purpose of debiting state treasury bank accounts in financial institutions will increase the efficiency of state agencies in making bank deposits.

     Your Committee on Conference has amended this measure by changing the effective date to July 1, 2017.

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 941, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 941, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________ SYLVIA LUKE Chair

____________________________ JILL N. TOKUDA Chair