STAND. COM. REP. NO. 939

Honolulu, Hawaii

, 2023

RE: H.B. No. 39

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 39 entitled:

"A BILL FOR AN ACT RELATING TO NON-GENERAL FUNDS,"

begs leave to report as follows:

The purpose of this measure is to abolish or reclassify certain non-general funds of the Department of Taxation pursuant to the recommendations contained in Auditor's Report No. 22-14.

Your Committee received testimony in support of this measure from the Department of Taxation.

Your Committee notes that the Department of Taxation has already requested the Department of Accounting and General Services to rename the Litigated Claims Fund as the Litigated Claims Trust Account as provided in this measure.

Your Committee has amended this measure by changing the effective date to July 1, 3000, to encourage further discussion.

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. 39, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 39, H.D. 1, and be placed on the calendar for Third Reading.

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

____________________________

KYLE T. YAMASHITA, Chair