STAND. COM. REP. NO. 1840

Honolulu, Hawaii

, 2021

RE: S.B. No. 1101

S.D. 2

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 1101, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HURRICANE PREPAREDNESS,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Establish the Safe Home Program to provide matching and nonmatching grants for the installation of wind resistive devices to single-family, owner-occupied, residential property owners, in certain circumstances;

(2) Allocate a portion of the monies earned through interest from the Hurricane Reserve Trust Fund's assets to provide grants under the Safe Home Program; and

(3) Establish one temporary full-time equivalent position within the Insurance Division of the Department of Commerce and Consumer Affairs to implement and administer the Safe Home Program.

Your Committee received testimony in support of this measure from the Department of Commerce and Consumer Affairs; Hawaii State Energy Office; Hawaii Emergency Management Agency; Hawaii Green Infrastructure Authority; City and County of Honolulu Office of Climate Change, Sustainability and Resiliency; and three individuals. Your Committee received comments on this measure from the State Procurement Office, Hawaii Insurers Council, and American Insurance Group, Inc.

Your Committee has amended this measure by:

(1) Appropriating general funds, rather than funds out of the Hurricane Reserve Trust Fund, for purposes of funding the Safe Home Program Trust Fund; and

(2) Making technical, nonsubstantive amendments for the purposes of 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 S.B. No. 1101, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1101, S.D. 2, H.D. 2.

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

____________________________

SYLVIA LUKE, Chair