Bill Text: HI SB2825 | 2010 | Regular Session | Amended

Hawaii Senate Bill 2825 (Prior Session Legislation)

Bill Title: State Funds; Short-term Investments

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2010-05-20 - (S) Act 127, 5/20/2010 (Gov. Msg. No. 585). [SB2825 Detail]

Download: Hawaii-2010-SB2825-Amended.html

CONFERENCE COMMITTEE REP. NO. 113-10

Honolulu, Hawaii

, 2010

RE: S.B. No. 2825

S.D. 1

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. 2825, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO STATE FUNDS,"

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 bill is to clarify that for short-term investments of state funds, the five-year maturity limitation for authorized investments with stated maturity dates also applies to the underlying securities of those investments.

Upon further consideration, your Committee has amended this measure by changing its effective date from July 1, 2020, to upon approval.

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. 2825, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2825, S.D. 1, 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