STAND. COM. REP. NO. 989________

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 849
                                     H.D. 1




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.
849, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO SPECIAL FACILITY REVENUE
     BONDS FOR AIRPORTS,"

begs leave to report as follows:

     The purpose of this bill is to help Hawaii's economy by
allowing special facility revenue bonds to be used for the
construction and maintenance of facilities for air cargo
operations.

     The Department of Transportation, the Department of Budget
and Finance, the Airlines Committee of Hawaii, and Hawaiian
Airlines testified in support of this measure.
 
     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.
849, H.D. 1, and recommends that it pass Third Reading.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair