STAND. COM. REP. NO. 1272-18

Honolulu, Hawaii

, 2018

RE: S.B. No. 2921

S.D. 1

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 Education, to which was referred S.B. No. 2921, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO STATE LIBRARY SYSTEM,"

begs leave to report as follows:

The purpose of this measure is to specify that claims of $10 or less, which have not been claimed from the Unclaimed Property Fund after a ten-year expiration period, shall be deposited into the Libraries Special Fund. This measure also increases the threshold for claims subject to the ten-year expiration period from $100 to $250.

The Hawaii State Public Library System, Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii, and an individual testified in support of this measure. The Department of Budget and Finance provided comments on this measure.

Your Committee has amended this measure by changing its effective date to July 1, 2050.

As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2921, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2921, S.D. 1, H.D. 1, and be referred to your Committee on Finance.

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

____________________________

JUSTIN H. WOODSON, Chair