Bill Text: HI SB2702 | 2010 | Regular Session | Amended
Bill Title: Major Disaster Trust Account; Federal Reimbursements
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2010-05-10 - (S) Act 087, 5/10/2010 (Gov. Msg. No. 545). [SB2702 Detail]
Download: Hawaii-2010-SB2702-Amended.html
STAND. COM. REP. NO. 2430
Honolulu, Hawaii
RE: S.B. No. 2702
S.D. 2
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fifth State Legislature
Regular Session of 2010
State of Hawaii
Madam:
Your Committee on Ways and Means, to which was referred S.B. No. 2702, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO A MAJOR DISASTER TRUST ACCOUNT,"
begs leave to report as follows:
The purpose of this measure is to allow federal reimbursements for disaster relief to be held in a trust account for future disaster relief.
This measure also ensures that the moneys deposited into the trust account do not lapse into the general fund and are available for disaster relief in the event of a major disaster.
Your Committee received comments in support of this measure from the state Department of Defense. Written comments may be reviewed on the Legislature's website.
Your Committee finds that this measure will ensure the availability of disaster relief funds on the occurrence of a major disaster.
Your Committee has amended this measure by:
(1) Changing the appropriation to an unspecified amount;
(2) Changing the effective date of this measure to July 1, 2055, to facilitate further discussion; and
(3) Making technical, nonsubstantive amendments for purposes of style.
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 S.B. No. 2702, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2702, S.D. 2.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
|
|
|
____________________________ DONNA MERCADO KIM, Chair |
|
|
|
|
