STAND. COM. REP. NO.  107

 

Honolulu, Hawaii

                , 2011

 

RE:   H.B. No. 560

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 560 entitled:

 

"A BILL FOR AN ACT RELATING TO FINANCE,"

 

begs leave to report as follows:

 

     The purpose of this bill is to provide funding commencing July 1, 2011, for the interest payments from the previous fiscal year on General Obligation bonds issued for Department of Commerce and Consumer Affairs' infrastructure improvements by transferring funds from the Compliance Resolution Fund.

 

     The Department of Commerce and Consumer Affairs opposed this measure.

 

     As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 560 and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

 

 

 

 

____________________________

ROBERT N. HERKES, Chair