STAND. COM. REP. NO. 1458

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 1172
                                        H.D. 2
                                        S.D. 1




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

Sir:

     Your Committee on Ways and Means, to which was referred H.B.
No. 1172, H.D. 2, S.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO THE BUREAU OF CONVEYANCES,"

begs leave to report as follows:

     The purpose of this measure is to provide a permanent source
of funding for the Bureau of Conveyances.

     The measure accomplishes this by:

     (1)  Creating the Bureau of Conveyances Special Fund;

     (2)  Requiring the balance of all fees other than the
          special mortgage recording fee and the $15 for the
          general fund for each document recorded at the Bureau,
          to be deposited into the Bureau of Conveyances Special
          Fund;

     (3)  Authorizing the Bureau to pay for equipment, software,
          administrative costs, personnel, and improvements
          necessary for modernization of the recording system out
          of the Bureau Special Fund;


 
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                                   STAND. COM. REP. NO. 1458
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     (4)  Diverting the deposit of conveyance taxes into the
          Bureau of Conveyances Special Fund rather than into the
          general fund; and

     (5)  Appropriating $3,000,000 from the Bureau of Conveyances
          Special Fund to the Department of Land and Natural
          Resources.

     Your Committee finds that returning the conveyance tax
revenues to the Bureau of Conveyances Special Fund to plan,
implement, and operate a recording system is an effective and
efficient way to finance the needs of the Bureau.

     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
1172, H.D. 2, S.D. 1, and recommends that it pass Third Reading.

                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
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