Bill Text: HI SB2797 | 2010 | Regular Session | Amended

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Bill Title: Voluntary Employees' Beneficiary Association Trusts

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Engrossed - Dead) 2010-03-03 - (H) Referred to LAB/EDN, FIN, referral sheet 36 [SB2797 Detail]

Download: Hawaii-2010-SB2797-Amended.html

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STAND. COM. REP. NO. 2599

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2797

       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. 2797, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUSTS,"

 

begs leave to report as follows:

 

     The purpose of this measure is to extend the authority for voluntary employees' beneficiary association trusts until July 1, 2012.

 

     Your Committee received written comments in support of this measure from one hundred and twenty-seven concerned individuals.  Comments in opposition to the measure were submitted by the Department of Budget and Finance and one concerned individual.  The Office of the Auditor submitted comments on this measure.  The written comments may be reviewed on the Legislature's website.

 

     Your Committee finds that a voluntary employees' beneficiary association trust provides health benefits for state or county employees of a particular collective bargaining unit, as well as existing retirees of that bargaining unit.  Your Committee also finds that there are certain issues regarding these trusts that remain unresolved and that additional time is necessary to decide the fate of voluntary employees' beneficiary association trusts.

 

     Your Committee has amended this measure by:

 

(1)  Clarifying that the repeal and reenactment date of section 89-9, Hawaii Revised Statutes, is July 1, 2012; and

 

(2)  Changing the effective date to June 30, 2050, 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 S.B. No. 2797, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2797, S.D. 2.

 

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

 

		____________________________ DONNA MERCADO KIM, Chair