STAND. COM. REP. NO.660-02

Honolulu, Hawaii

, 2002

RE: H.B. No. 2465

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2465 entitled:

"A BILL FOR AN ACT RELATING TO THE DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS,"

begs leave to report as follows:

The purpose of this bill is to streamline the funding of the Department of Commerce and Consumer Affairs (DCCA) by merging the Insurance Regulation Fund into the Compliance Regulation Fund.

DCCA and the Insurance Division submitted testimony in support of this bill.

Your Committee has amended this bill by:

(1) Ensuring that certain amendments made in this bill are not repealed when those sections are reenacted in an earlier form pursuant to previous legislation; and

(2) Making technical, nonsubstantive changes for purposes of style and clarity.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2465, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2465, H.D. 1.

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair