STAND. COM. REP. NO. 1941

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.R. No. 230
                                     




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.R. No.
230 entitled:

     "HOUSE 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 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.R. No. 230,
and recommends its adoption.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair