HOUSE OF REPRESENTATIVES

THE TWENTY-SIXTH LEGISLATURE

REGULAR SESSION OF 2012

 

COMMITTEE ON FINANCE

Rep. Marcus R. Oshiro, Chair

Rep. Marilyn B. Lee, Vice Chair

 

Rep. Isaac W. Choy

Rep. Chris Lee

Rep. Ty Cullen

Rep. Dee Morikawa

Rep. Sharon E. Har

Rep. James Kunane Tokioka

Rep. Mark J. Hashem

Rep. Kyle T. Yamashita

Rep. Linda Ichiyama

Rep. Barbara C. Marumoto

Rep. Jo Jordan

Rep. Gil Riviere

Rep. Derek S.K. Kawakami

Rep. Gene Ward

 

NOTICE OF HEARING

 

DATE:

Wednesday, February 29, 2012

TIME:

11:30 A.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

 

A G E N D A # 2

 

Copies of the PROPOSED DRAFT are available in room 306 and on the Legislature's website: http://www.capitol.hawaii.gov

 

 

HB 304

Status

RELATING TO STATE FINANCES.

PROPOSED HD1: Allows the Department of Budget and Finance to enter into agreements with other bond issuers to pool bond allocations.

 

 

FIN

HB 1840, HD2

(HSCR461-12)

Status

RELATING TO STATE-OWNED BANK.

Establishes a task force to review, investigate, and study the feasibility and cost of establishing a state-owned bank. Requires a report to the Legislature. Effective July 1, 2112.

 

 

ERB, CPC, FIN

HB 1033

Status

RELATING TO PUBLIC FINANCE.

PROPOSED HD1: Establishes the Clean Economy Bank of the State of Hawaii to provide financing support and risk management for qualifying clean economy projects to aid in development of Hawaii's clean energy economy and to lessen the State's dependence on imported energy. Effective July 1, 2012.

 

FIN

HB 2103, HD1

(HSCR621-12)

Status

RELATING TO THE BANK OF THE STATE OF HAWAII.

PROPOSED HD2: Directs DCCA to conduct a comprehensive review of relevant state laws to develop legislation to establish the bank of the State of Hawaii. Appropriates funds to conduct the review. Directs the Hawaii housing finance and development corporation to establish and operate an interim purchase program for distressed residential properties encumbered by problematic mortgages until the bank of the State of Hawaii is operational. Establishes minimum percentages of state funds that shall be deposited in the bank of the State of Hawaii. Effective 7/1/2212.

 

ERB/HSG, CPC, FIN

 

DECISION MAKING TO FOLLOW

 

Persons wishing to offer comments should submit testimony at least 24 hours prior to the hearing with a transmittal cover indicating:

     Testifier's name with position/title and organization;

     The Committee the comments are directed to;

     The date and time of the hearing;

     Measure number; and

     The number of copies the Committee is requesting.

 

While every effort will be made to copy, organize, and collate all testimony received, materials received on the day of the hearing or improperly identified or directed to the incorrect office, may be distributed to the Committee after the hearing.

 

Submit testimony in ONE of the following ways:

PAPER: 2 copies to Room 306, in the State Capitol;

FAX: For comments less than 5 pages in length, transmit to 586-6001 (Oahu) or 1-800-535-3859 (for Neighbor Islanders without a computer to submit testimony through e-mail or the Web); or

WEB: For comments less than 4MB in size, transmit from the Web page at http://www.capitol.hawaii.gov/submittestimony.aspx.

 

Testimony submitted will be placed on the Legislative Web site after the hearing adjourns. This public posting of testimony on the Web site should be considered when including personal information in your testimony.

 

If you require special assistance or auxiliary aids and/or services to participate in the House public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the Committee Clerk at 586-6200 or email your request for an interpreter to HouseInterpreter@Capitol.hawaii.gov at least 24 hours prior to the hearing for arrangements. Prompt requests submitted help to ensure the availability of qualified individuals and appropriate accommodations.

 

Selected meetings are broadcast live. Check the current legislative broadcast schedule on the "Capitol TV" Web site at www.capitoltv.org OR call 536-2100.

 

 

 

 

 

________________________________________

Rep. Marcus R. Oshiro

Chair