CONFERENCE COMMITTEE REPORT NO. 53

                            Honolulu, Hawaii
                                            , 1999

                            RE:   H.B. No. 1020
                                  H.D. 2
                                  S.D. 2
                                  C.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Conference on the disagreeing vote of the
House of Representatives to the amendments proposed by the Senate
in H.B. No. 1020, H.D. 2, S.D. 2, entitled:

    "A BILL FOR AN ACT RELATING TO THE HAWAII CAPITAL LOAN
    PROGRAM,"

having met, and after full and free discussion, has agreed to
recommend and does recommend to the respective Houses the final
passage of this bill in an amended form.

     The purpose of this bill is to provide a continued source of
financing to businesses under the Hawaii Capital Loan Program.

     After careful consideration, your Committee on Conference
has amended this bill by amending the effective date to June 29,
1999.

     Your Committee on Conference is in accord with the intent
and purpose of H.B. No. 1020, H.D. 2, S.D. 2, as amended herein,
and recommends that it pass Final Reading in the form attached
hereto as H.B. No. 1020, H.D. 2, S.D. 2, C.D. 1.

 
 
                            CONFERENCE COMMITTEE REPORT NO. 53
                            Page 2



                                   Respectfully submitted,

MANAGERS ON THE PART OF THE        MANAGERS ON THE PART OF THE
           SENATE                              HOUSE
                                   
                                   
                                   
______________________________     ______________________________
LORRAINE R. INOUYE, Co-Chair       ROBERT N. HERKES, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
ANDREW LEVIN, Co-Chair             SYLVIA J. LUKE, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
BRIAN T. TANIGUCHI, Member         NATHAN SUZUKI, Member
                                   
                                   
                                   
______________________________     ______________________________
SAM SLOM, Member                   JIM RATH, Member