STAND. COM. REP. NO. 208-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 2603

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Intrastate Commerce, to which was referred H.B. No. 2603 entitled:

"A BILL FOR AN ACT RELATING TO STATE SELF-INSURANCE AGAINST PROPERTY AND CASUALTY RISKS,"

begs leave to report as follows:

The purpose of this measure is to help reduce the cost of property and casualty insurance for the State by allowing the State to insure itself against property and casualty risks, including the establishment of the State Self-insurance Against Property and Casualty Risks Special Fund.

The Department of Accounting and General Services, Department of Budget and Finance, and Tax Foundation of Hawaii submitted comments.

Your Committee has amended this measure by:

(1) Changing its effective date to July 1, 3000, to encourage further discussion; and

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

Should your Committee on Consumer Protection & Commerce choose to deliberate further on this measure, your Committee respectfully requests that it consider eliminating the proposed State Self-insurance Against Property and Casualty Risks Special Fund and making the State fully self-insured.

As affirmed by the record of votes of the members of your Committee on Intrastate Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2603, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2603, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.

Respectfully submitted on behalf of the members of the Committee on Intrastate Commerce,

____________________________

TAKASHI OHNO, Chair