STAND. COM. REP. NO. 665

Honolulu, Hawaii

, 2005

RE: S.B. No. 102

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 102 entitled:

"A BILL FOR AN ACT RELATING TO STATE FUNDS,"

begs leave to report as follows:

The purpose of this measure is to clarify the definition of "state funds" with respect to the deposit of state funds in the treasury.

The measure clarifies that "state funds" means "moneys that have come into the possession of a state officer or employee who has the responsibility on behalf of the State for the initial custody, accountability, and disposition of the moneys."

Your Committee finds that this clarification is necessary to ensure the proper accountability and disposition of state funds.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 102 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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BRIAN T. TANIGUCHI, Chair