STAND. COM. REP. NO. 376-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2444
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Judiciary and Hawaiian Affairs, to which
was referred H.B. No. 2444 entitled: 

     "A BILL FOR AN ACT RELATING TO UNCLAIMED PROPERTY,"

begs leave to report as follows:

     The purpose of this bill is to expedite the return of
unclaimed property to claimants by establishing the Unclaimed
Property Trust Fund.

     Testimony in support of this measure was received from the
State Department of Budget and Finance.

     Your Committee finds that establishment of an Unclaimed
Property Trust Fund will allow the State, as custodian, to return
property in a timely manner to rightful owners.

     As affirmed by the record of votes of the members of your
Committee on Judiciary and Hawaiian Affairs that is attached to
this report, your Committee is in accord with the intent and
purpose of H.B. No. 2444 and recommends that it pass Second
Reading and be referred to the Committee on Finance.


 
 
 
 
 
 
 
 
                                 STAND. COM. REP. NO. 376-00
                                 Page 2

 
                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Judiciary &
                                   Hawaiian Affairs,



                                   ______________________________
                                   ERIC G. HAMAKAWA, Chair