CONFERENCE COMMITTEE REPORT NO.143

                            Honolulu, Hawaii
                                            , 1999

                            RE:   H.B. No. 86
                                  S.D. 1
                                  C.D. 1




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

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

Sir:

     Your Committee on Conference on the disagreeing vote of the
House of Representatives to the amendments proposed by the Senate
in H.B. No. 86, S.D. 1, entitled:

    "A BILL FOR AN ACT RELATING TO STATE BONDS,"

having met, and after full and free discussion, has agreed to
recommend and does recommend to the respective Houses the final
passage of this bill in an amended form.

     The purpose of this bill is to authorize the issuance of
general obligation bonds and to declare findings that the total
amount of principal and interest, estimated for such bonds
authorized but unissued and calculated for all bonds issued and
outstanding, will not cause the debt limit to be exceeded at the
time of issuance.

     Article VII, section 13, of the Constitution of the State of
Hawaii, requires the legislature to include a declaration of
findings in every general law authorizing the issuance of general
obligation bonds, which shall declare the issuance of state bonds
authorized will not cause the debt limit to be exceeded at the
time of issuance.

 
 
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     Your Committee has amended this bill by:

     (1) Inserting the appropriate amounts provided by the
         Department of Budget and Finance; and

     (2) Making technical, nonsubstantive revisions for purposes
         of style and clarity.

     Your Committee on Conference is in accord with the intent
and purpose of H.B. No. 86, S.D. 1, as amended herein, and
recommends that it pass Final Reading in the form attached hereto
as H.B. No. 86, S.D. 1, C.D. 1.

                                   Respectfully submitted,

MANAGERS ON THE PART OF THE        MANAGERS ON THE PART OF THE
           SENATE                              HOUSE
                                   
                                   
                                   
______________________________     ______________________________
CAROL FUKUNAGA, Co-Chair           DWIGHT Y. TAKAMINE, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
ANDREW LEVIN, Co-Chair             BERTHA C. KAWAKAMI, Member
                                   
                                   
                                   
______________________________     ______________________________
JAN YAGI BUEN, Member              BOB NAKASONE, Member
                                   
                                   
                                   
______________________________     ______________________________
JONATHAN CHUN, Member              BARBARA MARUMOTO, Member



______________________________
SUZANNE CHUN OAKLAND, Member



______________________________
DAVID Y. IGE, Member

 
                            CONFERENCE COMMITTEE REPORT NO.143
                            Page 3






______________________________
MARSHALL IGE, Member



______________________________
RANDY IWASE, Member



______________________________
CAL KAWAMOTO, Member



______________________________
BOB NAKATA, Member



______________________________
ROD TAM, Member



______________________________
BRIAN T. TANIGUCHI, Member



______________________________
WHITNEY ANDERSON, Member