STAND. COM. REP. NO. 598
RE: H.B. No. 928
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2013
State of Hawaii
Your Committee on Finance, to which was referred H.B. No. 928 entitled:
"A BILL FOR AN ACT RELATING TO CERTAIN FUNDS UNDER THE DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS,"
begs leave to report as follows:
(1) The unemployment compensation fund, established pursuant to section 383-121, Hawaii Revised Statutes;
(2) The special compensation fund, established pursuant to section 386-151, Hawaii Revised Statutes;
(3) The special fund for disability benefits, established pursuant to section 392-61, Hawaii Revised Statutes; and
(4) The special premium supplementation fund, established pursuant to section 393-41, Hawaii Revised Statutes.
The Office of the Auditor, Department of Labor and Industrial Relations, and one concerned individual submitted testimony in support of this measure.
Your Committee finds that reclassifying these special funds that are administered by the Department of Labor and Industrial Relations as trust funds will implement the recommendation of the Auditor in Report No. 12-10. Your Committee believes that the reclassification of these funds will more closely align their statutory designation with their actual operation and administration.
Your Committee has amended this measure by making technical nonsubstantive amendments for the purposes of clarity, conformity, and style.
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. 928, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 928, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
SYLVIA LUKE, Chair