STAND. COM. REP. NO. 1942

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.C.R. No. 261
                                     




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.C.R. No.
261 entitled: 

     "HOUSE CONCURRENT RESOLUTION REQUESTING THE CONVENING OF A
     MEETING TO CONSIDER MEANS TO ATTRACT CARBON INVESTMENTS TO
     MITIGATE GLOBAL WARMING THROUGH SUSTAINABLE FORESTRY IN
     HAWAII,"

begs leave to report as follows:

     The purpose of this concurrent resolution is to request the
Hawaii Forestry and Communities Executive Council and the
Department of Health to convene a meeting of affected
stakeholders to consider resources that are needed to attract
carbon investments that mitigate global warming.


     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee concurs with the intent and purpose of H.C.R. No. 261,
and recommends its adoption.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair