STAND. COM. REP. NO. 1166

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 173

       H.D. 1

       S.D. 1

 

 

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 173, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE REPEAL OF FUNDS AND ACCOUNTS,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to adopt certain recommendations of the Auditor to repeal various non-general fund funds and accounts.

 

     Specifically, the measure repeals and transfers the unencumbered balances of the following funds and accounts to the credit of the general fund:

 

     (1)  Transportation Use Special Fund;

 

     (2)  Amtrak Trust Account;

 

     (3)  Hurricane Iniki Insurance Proceeds Special Fund; and

 

     (4)  Deposits-Plans and Specifications Trust Account.

 

     Your Committee received testimony in support of this measure from the Office of the Auditor and the Department of Transportation.  Your Committee received comments on this measure from the Tax Foundation of Hawaii.

 

     Your Committee finds that the funds and accounts addressed by this measure no longer serve the purpose for which they were created and any unencumbered balances remaining in those funds and accounts should lapse to the credit of the general fund.

 

     Your Committee has amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the measure.

 

     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. 173, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 173, H.D. 1, S.D. 1, and be placed on the calendar for Third Reading.

 

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

 

 

 

________________________________

JILL N. TOKUDA, Chair