HOUSE OF REPRESENTATIVES
                           THE TWENTIETH LEGISLATURE
                            REGULAR SESSION OF 2000

                             COMMITTEE ON FINANCE
                        Rep. Dwight Y. Takamine, Chair
                      Rep. Bertha C. Kawakami, Vice Chair
           Rep. Lei Ahu Isa                  Rep. Iris Ikeda Catalani
           Rep. Willie C. Espero             Rep. Kenny Goodenow
           Rep. Michael P. Kahikina          Rep. Ezra R. Kanoho 
           Rep. Sylvia Luke                  Rep. Bob Nakasone
           Rep. Brian Schatz                 Rep. Nathan Suzuki
           Rep. Brian Y. Yamane              Rep. Galen Fox
           Rep. Barbara Marumoto             Rep. Colleen Meyer
           Rep. Mark Moses

                               NOTICE OF HEARING

                DATE:    Wednesday, April 5, 2000
                TIME:    2:30 P.M.
                PLACE:   Conference Room 308, State Capitol


                                A G E N D A # 1


SB 3160 SD2 HD1    RELATING TO THE SALE OF RESIDENTIAL CONDOMINIUM APARTMENTS TO
HSCR 936-00        OWNER-OCCUPANTS.
                Streamlines owner-occupancy sales requirements for condominiums.
                (CPC,FIN)


SB 2112 SD1        RELATING TO THE WAIANAE COAST COMMUNITY BENCHMARKING PILOT
SSCR 2720          PROJECT.
                Appropriates funds for the Waianae coast community benchmarking
                pilot project and the Hawaii Community Services Council for
                technical support for FY 2000-2001.  Extends the repeal date of
                the project 3 years to June 30, 2003. (FIN)


SB 873 SD1 HD1     RELATING TO REAL PROPERTY APPRAISALS.
HSCR 1065-00       Provides that: (1) fair market value that is determined to be less
                than current lease rent amount prevails over contract provision
                barring reduction of lease rent.  Makes Act effective January 1,
                2050; (2) the sublease rents shall be accordingly reduced; and (3)
                the fee simple owner shall have a tax credit equal to the
                reduction in lease rent. (CPC,FIN)


SB 2575 SD2 HD1    RELATING TO THE UNIVERSITY OF HAWAII FACILITIES IMPROVEMENTS
HSCR 902-00        SPECIAL FUND.
                Establishes the University of Hawaii facilities improvements
                special fund.  Earmarks $        a year of general excise tax
                revenues, general obligation funds, or a combination of both, to
                be deposited into the fund for university repair and maintenance
                projects. (HED,FIN)


THE FINANCE COMMITTEE WOULD LIKE TO SOLICIT PUBLIC INPUT ON THE FOLLOWING DRAFT OF
THE FOLLOWING BILL.  THE PROPOSED DRAFT IS AVAILABLE FOR PICKUP IN ROOM 306, STATE
CAPITOL.  FOR FURTHER INFORMATION PLEASE CALL 586-6200.


SB 2301 SD2 HD2    RELATING TO HARBORS.
                Establishes definition of maritime lands.  Requires Piers 1 and 2
                at Ft. Armstrong to be limited to maritime use.
                PROPOSED HD2:  Authorizes BLNR to lease by public auction, Ala Wai
                and Keehi Small boat harbors. (TRN,WLU,FIN)



                                  -CONTINUED-

 
NOTICE FIN 04/05/00 1
Page 2



                   DECISION MAKING TO FOLLOW IF TIME PERMITS



PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 COPIES OF THEIR TESTIMONY 24
HOURS PRIOR TO THE HEARING TO:  (1)  ROOM 306, STATE CAPITOL, OR (2)  THE HOUSE SGT.-
AT-ARMS PERSONNEL IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT.
TESTIMONY MAY BE FAXED TO THE HOUSE SGT.-AT-ARMS OFFICE AT:  586-6501 (OAHU) OR 1-
800-535-3859 (NEIGHBOR ISLANDS).  WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY
IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES
THAT IS NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET.  FOR
FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6200.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN
THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER,
WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE
COMMITTEE CLERK 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.



                                         ____________________________________
                                         Rep. Dwight Y. Takamine
                                         Chair