Bill Text: HI HB240 | 2022 | Regular Session | Introduced
Bill Title: Relating To A Bank Of The State Of Hawaii.
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Introduced - Dead) 2021-12-10 - Carried over to 2022 Regular Session. [HB240 Detail]
Download: Hawaii-2022-HB240-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
240 |
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THIRTY-FIRST LEGISLATURE, 2021 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO A BANK OF THE STATE OF HAWAII.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
(b) The working group shall comprise the following:
(1) The director of commerce and consumer affairs or the director's designee, who shall serve as the chairperson of the working group;
(2) The comptroller or the comptroller's designee;
(3) The chairperson of the board of agriculture or the chairperson's designee;
(4) The attorney general or the attorney general's designee;
(5) The director of finance or the director's designee;
(6) The director of human resources development or the director's designee;
(7) The chairperson of the board of land and natural resources or the chairperson's designee;
(8) The executive director of the Hawaii housing finance and development corporation or the executive director's designee; and
(9) The executive director of the agribusiness development corporation or the executive director's designee.
(c) The working group shall submit an interim
report of its progress, findings, and recommendations, including any proposed
legislation, to the legislature no later than twenty days prior to the
convening of the regular session of 2022.
The working group shall submit a final
report of its findings and recommendations, including any proposed legislation,
to the legislature no later than twenty days prior to the convening of the
regular session of 2023. The final report shall
include a graduated schedule of state funds to be
transferred to the bank of the State of Hawaii from financial institutions that
are serving as depositories for the State.
(d) The chairperson of the working group shall coordinate the review required by subsection (a).
SECTION 2. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2021-2022 and the same sum or so much thereof as may be necessary for fiscal year 2022-2023 for the purposes of this Act.
The sums appropriated shall be expended by the department of commerce and consumer affairs for the purposes of this Act.
SECTION 3. This Act shall take effect on July 1, 2021.
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INTRODUCED BY: |
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Report Title:
Department of Commerce and Consumer Affairs; Bank of the State of Hawaii Working Group; Appropriation
Description:
Establishes the bank of the State of Hawaii working group to propose legislation to establish a state-operated bank of the State of Hawaii. Appropriates moneys.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
