STAND. COM. REP. NO. 3297

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 2317

       H.D. 1

       S.D. 1

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 2317, H.D. 1, entitled:

 

"A BILL FOR AN ACT MAKING AN APPROPRIATION TO THE EMERGENCY AND BUDGET RESERVE FUND,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to appropriate funds for fiscal year 2016-2017 to be deposited into the emergency and budget reserve fund.

 

     Your Committee received testimony in support of this measure from the Department of Budget and Finance.

 

     Your Committee believes that the State should take action to ensure the State's fiscal reserves are sufficient.  Your Committee therefore finds that an appropriation to the emergency and budget reserve fund, as proposed by this measure, is fiscally prudent.

 

     Your Committee has amended this measure by changing the effective date to July 1, 2076, to facilitate further discussion on the measure.

 

     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. 2317, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2317, H.D. 1, S.D. 1, and be placed on the calendar for Third Reading.

 

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

 

 

 

________________________________

JILL N. TOKUDA, Chair