CONFERENCE COMMITTEE REPORT NO. 48

                            Honolulu, Hawaii
                                            , 1999

                            RE:   S.B. No. 1145
                                  S.D. 2
                                  H.D. 2
                                  C.D. 1




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

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

Sir:

     Your Committee on Conference on the disagreeing vote of the
Senate to the amendments proposed by the House of Representatives
in S.B. No. 1145, S.D. 2, H.D. 2, entitled:  

     "A BILL FOR AN ACT RELATING TO THE DEPARTMENT OF COMMERCE
     AND CONSUMER AFFAIRS," 

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 measure is to support the Department of
Commerce and Consumer Affairs' (DCCA) move toward self-
sufficiency by combining most of DCCA's special and revolving
funds into the DCCA's Compliance Resolution Fund, which would be
used to fund DCCA operations, but would not be subject to central
service and departmental administration expense reimbursement
deductions or other reversions to the general fund.

     Upon further consideration, your Committee on Conference has
amended this measure to:


 
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                            CONFERENCE COMMITTEE REPORT NO. 48
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     (1)  Clarify that all fees and expenses charged for the
          examination of financial institutions shall be
          deposited to the Compliance Resolution Fund, rather
          than the Financial Instition Examiners' Revolving Fund;
          and

     (2)  Make technical and nonsubstantive amendments for the
          purpose of clarity and style.

     Your Committee on Conference is in accord with the intent
and purpose of S.B. No. 1145, S.D. 2, H.D. 2, as amended herein,
and recommends that it pass Final Reading in the form attached
hereto as S.B. No. 1145, S.D. 2, H.D. 2, C.D. 1.

                                   Respectfully submitted,

MANAGERS ON THE PART OF THE        MANAGERS ON THE PART OF THE
            HOUSE                             SENATE
                                   
                                   
                                   
______________________________     ______________________________
RON MENOR, Co-Chair                BRIAN T. TANIGUCHI, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
BERTHA C. KAWAKAMI, Co-Chair       BRIAN KANNO, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
JERRY L. CHANG, Member             CAROL FUKUNAGA, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
ROY M. TAKUMI, Member              ANDREW LEVIN, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
BRIAN Y. YAMANE, Member            WHITNEY T. ANDERSON, Member



______________________________
EMILY J. AUWAE, Member


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