Bill Text: HI SB2761 | 2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Financial Institutions; Fees

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2012-03-20 - (H) Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Ching, Fontaine, Johanson, Marumoto, Thielen voting aye with reservations; Representative(s) Ward voting no (1) and Representative(s) Chang, Herkes, Nakashima, Pine, Tokioka excused (5). [SB2761 Detail]

Download: Hawaii-2012-SB2761-Amended.html

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STAND. COM. REP. NO. 2738

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2761

       S.D. 2

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2761, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO FINANCIAL INSTITUTIONS,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to establish or amend specific regulatory fees charged by the Division of Financial Institutions for the review and analysis of financial institution requests.

 

     Written comments were submitted by the Hawaii Bankers Association.

 

     Your Committee finds that fees for the regulation of financial institutions by the Division of Financial Institutions have not been reviewed since 1993.  This measure establishes fees that comport with the regulatory duties of the division.  By increasing the hourly fee from $40 to $60, the measure more fairly compensates the Division for time spent by staff in responding to and analyzing requests from financial institutions.

 

     Your Committee has amended this measure by:

 

     (1)  Changing the effective date of this measure to July 1, 2050, to promote the further discussion of this measure;

 

     (2)  Clarifying the statutory references and terms for the purposes of specificity, accuracy, and conformity; and

 

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

 

     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. 2761, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2761, S.D. 2.

 

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

 

		____________________________ DAVID Y. IGE, Chair