STAND. COM. REP. NO. 2563

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2250

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2250 entitled:

 

"A BILL FOR AN ACT RELATING TO COUNTIES,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to authorize the counties to make the same short-term investments as that of the state Director of Finance.

 

     Your Committee received written comments in support of this measure from the County of Hawaii and the Department of Finance of the County of Maui.

 

     Your Committee finds that the current law specifies allowable county short-term investments that are no longer in existence.  This measure will update the law to bring the counties up to date with available investment markets.

 

     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 S.B. No. 2250 and recommends that it pass Third Reading.

 

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

 

 

 

________________________________

JILL N. TOKUDA, Chair