STAND. COM. REP. NO. 1419

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 250
                                        H.D. 2




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred H.B.
No. 250, H.D. 2, entitled: 

     "A BILL FOR AN ACT RELATING TO THE MANAGEMENT OF FINANCING
     AGREEMENTS FOR THE UNIVERSITY OF HAWAII,"

begs leave to report as follows:

     The purpose of this bill is to exempt certain financing
agreements of the University of Hawaii from requiring the
approval of either the Attorney General or the Director of
Finance.

     Specifically, this measure exempts financing agreements
whose principal amount is not over $3,000,000.

     Your Committee finds that this bill, by removing the
requirements for approval, will increase the managerial and
fiscal autonomy of the university by allowing the university to
secure equipment, goods, and services expeditiously.

     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 H.B. No.
250, H.D. 2, and recommends that it pass Third Reading.


 
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                                   STAND. COM. REP. NO. 1419
                                   Page 2


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



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
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