STAND. COM. REP. NO. 1021_______

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 827
                                     H.D. 3




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
827, H.D. 2, entitled: 

     "A BILL FOR AN ACT RELATING TO PUBLIC LANDS,"

begs leave to report as follows:

     The purpose of this bill is to stimulate tourism in east
Hawaii by creating incentives for reinvestment in the resort
infrastructure of the Banyan Drive resort area of Hilo, Hawaii,
by authorizing the Department of Land and Natural Resources to
issue or extend new resort leases to eligible existing lessees of
the Banyan Drive resort area, subject to certain conditions, for
up to thirty years.

     The Hawaii Naniloa Hotel testified in support of the bill.
The Banyan Drive Association testified in support of the bill and
provided additional clarifying comments.  The Department of Land
and Natural Resources commented on the bill. 

     While your Committee is concerned that a number of issues
remain unresolved, it also believes that the bill has merit and
further discussion is warranted.  Your Committee has therefore
amended the effective date of the bill to July 1, 2010, to
promote further discussion.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
827, H.D. 2, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 827, H.D. 3.

 
                                 STAND. COM. REP. NO. 1021_______
                                 Page 2

 

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair