STAND. COM. REP. NO. 850

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 484
                                        S.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Judiciary, to which was referred S.B. No.
484 entitled: 

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

begs leave to report as follows:

     The purpose of this bill is to increase the maximum limit
for the value of a motor vehicle exempt from attachment and
execution in bankruptcy cases.

     Your Committee finds that section 651-121(2), Hawaii Revised
Statutes, currently permits a $1,000 attachment and execution
exemption for a debtor's motor vehicle.  Your Committee further
finds that this twenty-two year old exemption does not accurately
reflect the average price of a motor vehicle today and would
deprive debtors of a reliable mode of transportation.  

     Testimony in support of this measure was submitted by the
Hawaii Financial Services Association and a private attorney.

     Upon further consideration, your Committee has amended this
measure by making technical, non-substantive changes for the
purposes of clarity and style.

     As affirmed by the record of votes of the members of your
Committee on Judiciary that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
484, as amended herein, and recommends that it pass Third Reading
in the form attached hereto as S.B. No. 484, S.D. 1.

 
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                                   STAND. COM. REP. NO. 850
                                   Page 2



                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Judiciary,



                                   ______________________________
                                   AVERY B. CHUMBLEY, Co-Chair



                                   ______________________________
                                   MATTHEW M. MATSUNAGA, Co-Chair

 
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