STAND. COM. REP. NO. 850-22

Honolulu, Hawaii

, 2022

RE: H.B. No. 1553

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1553, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE OFFICE OF HEALTH CARE ASSURANCE SPECIAL FUND,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Remove the ceiling and lapsing provision for the Office of Health Care Assurance Special Fund; and

(2) Allow monies in the Office of Health Care Assurance Special Fund to be used during any fiscal year for the activities carried out by the Office of Health Care Assurance.

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

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1553, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair