1082
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO FINANCIAL INSTITUTIONS.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1. Section 241-7, Hawaii Revised Statutes, is
 
 2 amended to read as follows:
 
 3      "§241-7 Disposition of funds.  All taxes collected under
 
 4 this chapter shall be state realizations[.]; provided that forty
 
 5 per cent of all revenue and amounts received and collected under
 
 6 this chapter shall be deposited with the director of finance to
 
 7 the credit of the financial institution examiners' revolving fund
 
 8 established under §412:2-109."
 
 9      SECTION 2. Statutory material to be repealed is bracketed.
 
10 New statutory material is underscored.
 
11      SECTION 3. This Act shall take effect retroactive to
 
12 January 1, 1999.
 
13 
 
14                           INTRODUCED BY:  _______________________
 

 
a                                                     CCA-24(99)