HB2335

Report Title:

Petroleum Advisory Council, Fair Prices

Description:

Requires the petroleum advisory council to present monthly reports to the governor on recommended fair prices in Hawaii.

HOUSE OF REPRESENTATIVES	H.B. NO.	2335
TWENTY-FIRST LEGISLATURE, 2002
STATE OF HAWAII

A BILL FOR AN ACT

 

RELATING TO THE PETROLEUM ADVISORY COUNCIL.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Section 486J-22, Hawaii Revised Statutes, is amended to read as follows:

"[[]§486J-22[]] Duties of the council. The council shall:

(1) Advise the department of trends and activities in the retail petroleum industry that may require statutory consideration; [and]

(2) Submit a monthly report to the governor, which shall also be a public document available from the department, of recommended fair prices for the various petroleum products sold in the State, based on research by the department on comparative prices in other states and including adjustments for Hawaii-specific economic conditions; and

[(2)] (3) Take such other action as may be necessary to ensure that the department is informed of all relevant developments in the retail petroleum industry affecting the health, safety, and welfare of the people of this State."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:	_____________________________