STAND. COM. REP. NO.381
Honolulu, Hawaii
, 2001
RE: H.B. No. 1675
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committees on Education and Labor and Public Employment, to which was referred H.B. No. 1675 entitled:
"A BILL FOR AN ACT RELATING TO THE DEPARTMENT OF EDUCATION,"
beg leave to report as follows:
The purpose of this bill is to change the employees’ annuity contracts law to the employees’ annuity and custodial account contracts law. It allows the Department of Education and the University of Hawaii to invest in a custodial account for employees.
The Department of Education supported the bill.
As affirmed by the records of votes of the members of your Committees on Education and Labor and Public Employment that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1675 and recommend that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committees on Education and Labor and Public Employment,
____________________________ TERRY NUI YOSHINAGA, Chair |
____________________________ KEN ITO, Chair |
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