Hawaii 2022 Regular Session

Hawaii House Bill HB240 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	HOUSE OF REPRESENTATIVES H.B. NO. 240 THIRTY-FIRST LEGISLATURE, 2021 ~~H.D. 1~~ STATE OF HAWAII 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:
	1	+	HOUSE OF REPRESENTATIVES H.B. NO. 240 THIRTY-FIRST LEGISLATURE, 2021 STATE OF HAWAII 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:
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3	3		HOUSE OF REPRESENTATIVES H.B. NO. 240
4		-	THIRTY-FIRST LEGISLATURE, 2021 ~~H.D. 1~~
	4	+	THIRTY-FIRST LEGISLATURE, 2021
5	5		STATE OF HAWAII
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7	7		HOUSE OF REPRESENTATIVES
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9	9		H.B. NO.
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11	11		240
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13	13		THIRTY-FIRST LEGISLATURE, 2021
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15		-	~~H.D. 1~~
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17	17		STATE OF HAWAII
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31	31		A BILL FOR AN ACT
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37	37		RELATING TO A BANK OF THE STATE OF HAWAII.
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43	43		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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47		-	SECTION 1. (a) ~~There is established~~ the bank of the State of Hawaii working group within the department of commerce and consumer affairs for administrative purposes. The working group shall conduct a comprehensive review of the State's laws relating to financial institutions, mortgage lending, housing development, agricultural development, and land use for the purpose of developing proposed legislation to establish a state-operated bank of the State of Hawaii. (b) The working group shall ~~be comprised of~~ the following ~~members~~: (1) The ~~attorney general,~~ or the ~~attorney general~~'s designee; (2) The comptroller, or the comptroller's designee; (3) The director of finance, or the director's designee; (4) ~~One member~~ of the ~~house~~ of ~~representatives appointed by~~ the ~~speaker~~ of the ~~house of representatives~~; and (5) ~~One member~~ of the ~~senate appointed by~~ the ~~president of the senate. The working group shall select its own chairperson from among its members~~. (c) The working group shall submit a report of its findings and recommendations, including any proposed legislation, to the legislature ~~by January 1,~~ ~~2022~~. The 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, ~~2050~~.
	47	+	SECTION 1. (a) The bank of the State of Hawaii working group is established within the department of commerce and consumer affairs for administrative purposes. The working group shall conduct a comprehensive review of the State's laws relating to financial institutions, mortgage lending, housing development, agricultural development, and land use for the purpose of developing proposed legislation to establish a state-operated bank 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. INTRODUCED BY: _____________________________
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49		-	SECTION 1. (a) ~~There is established~~ the bank of the State of Hawaii working group within the department of commerce and consumer affairs for administrative purposes. The working group shall conduct a comprehensive review of the State's laws relating to financial institutions, mortgage lending, housing development, agricultural development, and land use for the purpose of developing proposed legislation to establish a state-operated bank of the State of Hawaii.
	49	+	SECTION 1. (a) The bank of the State of Hawaii working group is established within the department of commerce and consumer affairs for administrative purposes. The working group shall conduct a comprehensive review of the State's laws relating to financial institutions, mortgage lending, housing development, agricultural development, and land use for the purpose of developing proposed legislation to establish a state-operated bank of the State of Hawaii.
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51		-	(b) The working group shall ~~be comprised of~~ the following ~~members~~:
	51	+	(b) The working group shall comprise the following:
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53		-	(1) The ~~attorney general,~~ or the ~~attorney general~~'s designee;
	53	+	(1) The director of commerce and consumer affairs or the director's designee, who shall serve as the chairperson of the working group;
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55		-	(2) The comptroller, or the comptroller's designee;
	55	+	(2) The comptroller or the comptroller's designee;
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57		-	(3) The ~~director~~ of ~~finance,~~ or the ~~director~~'s designee;
	57	+	(3) The chairperson of the board of agriculture or the chairperson's designee;
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59		-	(4) ~~One member of~~ the ~~house of representatives appointed by the speaker of the house of representatives~~; ~~and~~
	59	+	(4) The attorney general or the attorney general's designee;
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61		-	(5) ~~One member~~ of ~~the senate appointed by~~ the ~~president of the senate.~~
	61	+	(5) The director of finance or the director's designee;
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63		-	The ~~working group shall select its own chairperson from among its members.~~
	63	+	(6) The director of human resources development or the director's designee;
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65		-	(c) The working group shall submit a report of its findings and recommendations, including any proposed legislation, to the legislature by January 1, 2022. The 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.
	65	+	(7) The chairperson of the board of land and natural resources or the chairperson's designee;
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	67	+	(8) The executive director of the Hawaii housing finance and development corporation or the executive director's designee; and
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	69	+	(9) The executive director of the agribusiness development corporation or the executive director's designee.
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	71	+	(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.
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67	73		(d) The chairperson of the working group shall coordinate the review required by subsection (a).
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69	75		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.
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71	77		The sums appropriated shall be expended by the department of commerce and consumer affairs for the purposes of this Act.
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73		-	SECTION 3. This Act shall take effect on July 1, ~~2050~~.
	79	+	SECTION 3. This Act shall take effect on July 1, 2021.
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75		-	Report Title: 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 funds. Effective 7/1/2050. (HD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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	83	+	INTRODUCED BY: _____________________________
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	85	+	INTRODUCED BY:
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	87	+	_____________________________
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	93	+	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.
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79	99		Report Title:
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81		-	Bank of the State of Hawaii Working Group; Appropriation
	101	+	Department of Commerce and Consumer Affairs; Bank of the State of Hawaii Working Group; Appropriation
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85	105		Description:
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87		-	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 ~~funds~~. ~~Effective 7/1/2050. (HD1)~~
	107	+	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.
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95	115		The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.