STAND. COM. REP. NO.  1273

 

Honolulu, Hawaii

                , 2011

 

RE:   H.C.R. No. 159

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Economic Revitalization & Business, to which was referred H.C.R. No. 159 entitled:

 

"HOUSE CONCURRENT RESOLUTION CREATING THE TASK FORCE ON ESTABLISHING THE BANK OF THE STATE OF HAWAII,"

 

begs leave to report as follows:

 

     The purpose of this concurrent resolution is to establish a task force to review and evaluate issues relating to, and develop an implementation plan for, the creation of the Bank of the State of Hawaii.

 

     The Department of Commerce and Consumer Affairs, Hawaii Alliance for Community Based Economic Development, and Faith Action for Community Equity supported this measure.  The Hawaii Alliance of Nonprofit Organizations supported the intent of this measure.  The Hawaii Credit Union League, Hawaii Bankers Association, and a concerned individual opposed this measure.  The Legislative Reference Bureau and the Center for State Innovation submitted comments.

 

     As affirmed by the record of votes of the members of your Committee on Economic Revitalization & Business that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 159 and recommends that it be referred to the Committee on Finance.


 

Respectfully submitted on behalf of the members of the Committee on Economic Revitalization & Business,

 

 

 

 

____________________________

ANGUS L.K. McKELVEY, Chair