STAND. COM. REP. NO.1737

Honolulu, Hawaii

, 2001

RE: H.B. No. 670

H.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 670, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO EMPLOYMENT SECURITY,"

begs leave to report as follows:

The purpose of this measure is to specify the use of certain funds in the State's account in the unemployment compensation trust fund.

Under this bill, moneys credited to the State under section 903 of the Social Security Act, as amended, may be used for the payment of benefits under the State's unemployment compensation law and public employment offices pursuant to a specific appropriation of the Legislature, except for moneys credited to the State in federal fiscal years ending in 2000, 2001, and 2002.

Furthermore, this measure requires that moneys credited during those three federal fiscal years be applied solely to the administration of the State's unemployment compensation program. This measure also subjects appropriations, obligations, expenditures, and other dispositions of money for administrative uses under the employment security law to the standards of the United States Secretary of Labor.

Your Committee finds that these amendments are necessary for the receipt of federal Reed Act fund transfers for federal fiscal years ending in 2000, 2001, and 2002.

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 H.B. No. 670, H.D. 1, and recommends that it pass Third Reading.

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

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BRIAN T. TANIGUCHI, Chair