STAND. COM. REP. NO. 108

Honolulu, Hawaii

RE: S.B. No. 80

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Your Committee on Energy, Economic Development, and Tourism, to which was referred S.B. No. 80 entitled:

"A BILL FOR AN ACT RELATING TO THE ECONOMY,"

begs leave to report as follows:

The purpose and intent of this measure is to amend the law relating to the economy.

Prior to the hearing on this measure, your Committee posted and made available for public review a proposed S.D. 1, which amends this measure by deleting its contents and replacing it with language that requires the Bureau of Conveyance to amend its rules to establish a new fee schedule for certain general, land court, and regular system fees in order to:

(1) Assist local residents in participating in the Hawaii housing market by modifying fees charged by the Bureau of Conveyances;

(2) Stimulate growth of the local economy by promoting homeownership for residents; and

(3) Provide increased revenues for the Bureau of Conveyances to maintain its operation.

Your Committee has amended this measure by adopting the proposed S.D. 1.

As affirmed by the record of votes of the members of your Committee on Energy, Economic Development, and Tourism that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 80, as amended herein, and recommends that it be recommitted to your Committee on Energy, Economic Development, and Tourism in the form attached hereto as S.B. No. 80, S.D. 1, for further consideration.

Respectfully submitted on behalf of the members of the Committee on Energy, Economic Development, and Tourism,

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GLENN WAKAI, Chair