Bill Text: HI SB2607 | 2010 | Regular Session | Amended

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Bill Title: Activity Desks; Client Trust Accounts

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Passed) 2010-05-28 - (H) Act 150, on 5/28/2010 (Gov. Msg. No. 367). [SB2607 Detail]

Download: Hawaii-2010-SB2607-Amended.html

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CONFERENCE COMMITTEE REP. NO. 57-10

 

Honolulu, Hawaii

                 , 2010

 

RE:    S.B. No. 2607

       S.D. 2

       H.D. 1

       C.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam and 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. 2607, S.D. 2, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO ACTIVITY DESKS,"

 

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 provide greater protections for consumers and providers of activity desks by:

 

     (1)  Establishing record keeping and trust account requirements for client trust accounts held by activity desks;

 

     (2)  Clarifying that activity desks shall include registration numbers on all advertising materials;

 

     (3)  Requiring an activity desk to obtain full payment for activities prior to or at the time reservations are made, subject to certain exceptions;

 

     (4)  Requiring that sums paid to an activity desk shall be held in trust; and

 

     (5)  Increasing the required amount of bond or letter of credit from $100,000 to $250,000.

 

     Your Committee on Conference finds that this measure will provide additional protection for customers as well as clarification of the legal requirements for activity providers.

 

     Your Committee on Conference has amended this measure by:

 

     (1)  Deleting the statutory authorization for the Director of Commerce and Consumer Affairs to allow, by rule, the use of other types of funds or accounts;

 

     (2)  Amending the effective date from January 1, 2112, to July 1, 2010; and

 

     (3)  Making technical, nonsubstantive amendments for the purposes of clarity and consistency.

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 2607, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2607, S.D. 2, H.D. 1, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

 

____________________________ JOEY MANAHAN, Co-Chair		____________________________ CLARENCE K. NISHIHARA, Chair
____________________________ GLENN WAKAI, Co-Chair		____________________________ ROSALYN H. BAKER, Co-Chair
____________________________ JON RIKI KARAMATSU, Co-Chair