STAND. COM. REP. NO. 980

Honolulu, Hawaii

, 2025

RE: H.B. No. 1001

H.D. 1

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2025

State of Hawaii

Madame:

Your Committee on Finance, to which was referred H.B. No. 1001, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO SETTLEMENT OF CLAIMS RELATED TO THE MAUI WILDFIRES,"

begs leave to report as follows:

The purpose of this measure is to establish, and appropriate funds to, the Maui Wildfires Settlement Trust Fund to pay eligible claims pursuant to the Maui wildfires settlement agreements.

Your Committee received testimony in support of this measure from one member of the Maui County Council. Your Committee received comments on this measure from the Department of the Attorney General and Tax Foundation of Hawaii.

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 H.B. No. 1001, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

KYLE T. YAMASHITA, Chair