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 |
|
|
|