STAND. COM. REP. NO.3289

Honolulu, Hawaii

, 2002

RE: H.B. No. 2752

H.D. 1

S.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2752, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO PROFESSIONAL AND VOCATIONAL LICENSES,"

begs leave to report as follows:

The purpose of this measure is to require the Department of Commerce and Consumer Affairs to sanction the professional or vocational license of persons who have defaulted on their student loans or breached their repayment or scholarship contracts.

Your Committee finds that this measure will encourage repayment of student loans and deter future loan defaults. Your Committee further finds that timely and complete repayment will replenish funds for the issuance of loans to new borrowers and minimize the shifting of financial losses onto taxpayers.

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. 2752, H.D. 1, S.D. 1, and recommends that it pass Third Reading.

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

____________________________

BRIAN T. TANIGUCHI, Chair