STAND. COM. REP. NO. 2365

Honolulu, Hawaii

RE:    S.B. No. 2844

       S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committee on Judiciary and Labor, to which was referred S.B. No. 2844 entitled:

"A BILL FOR AN ACT RELATING TO DISPOSITION OF EXCESS REVENUES,"

begs leave to report as follows:

     The purpose and intent of this measure is to reauthorize $10,000,000 in general revenues to be deposited into the emergency and budget reserve fund.

     Your Committee received testimony in support of this measure from the Department of Budget and Finance.

     Your Committee finds that the Legislature authorized the appropriation of $10,000,000 in general revenues to be deposited into the emergency and budget reserve fund under Act 202, Session Laws of Hawaii 2015.  However, Act 202 was signed by the Governor on July 2, 2015, two days after the end of fiscal year 2014-2015, and the monies appropriated could not be deposited.  This measure corrects inadvertent errors in the approval processing.

     Your Committee has amended this measure by making technical, nonsubstantive amendments for the purposes of clarity and consistency.

     As affirmed by the record of votes of the members of your Committee on Judiciary and Labor that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2844, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2844, S.D. 1, and be referred to your Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Judiciary and Labor,

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GILBERT S.C. KEITH-AGARAN, Chair