STAND. COM. REP. NO. 1257

                                   Honolulu, Hawaii
                                                     , 1999

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




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. 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 amend the definition of
"special facility" in the aeronautics law to include air cargo
facilities.

     Your Committee agrees with the intent of this bill, and
finds that it will assist the State's economy by allowing the
Department of Transportation, with the approval of the Governor,
to issue special facility revenue bonds for the construction,
acquisition, remodeling, furnishing, and equipping of facilities
for air cargo operations.  This bill will also allow the
department, with the approval of the Governor and without public
bidding, to enter into special facility leases to construct,
acquire, and remodel facilities for air cargo operations.

     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.
849, H.D. 1, and recommends that it pass Third Reading.


 
a                                                     HB849 HD1
 
 
 
                                   STAND. COM. REP. NO. 1257
                                   Page 2


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



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
a                                                     HB849 HD1