HOUSE OF REPRESENTATIVES
                           THE TWENTIETH LEGISLATURE
                            REGULAR SESSION OF 1999

                             COMMITTEE ON FINANCE
                       Rep. Dwight Y. Takamine, Chairman
                    Rep. Bertha C. Kawakami, Vice Chairman
           Rep. Lei Ahu Isa                  Rep. Iris Ikeda Catalani
           Rep. Kenny Goodenow               Rep. Michael P. Kahikina
           Rep. Ezra R. Kanoho               Rep. Sylvia Luke
           Rep. Bob Nakasone                 Rep. Scott K. Saiki
           Rep. Brian Schatz                 Rep. Nathan Suzuki
           Rep. Brian Y. Yamane              Rep. Galen Fox
           Rep. Barbara Marumoto             Rep. Colleen Meyer
           Rep. Mark Moses

                               NOTICE OF HEARING

                DATE:    Wednesday, March 3, 1999
                TIME:    3:30 P.M.
                PLACE:   Conference Room 308, State Capitol


                                A G E N D A # 2


THE FINANCE COMMITTEE WOULD LIKE TO SOLICIT PUBLIC INPUT ON THE PROPOSED DRAFTS OF
THE FOLLOWING BILLS.  THE PROPOSED DRAFTS ARE AVAILABLE FOR PICKUP IN ROOM 306, STATE
CAPITOL.  FOR FURTHER INFORMATION PLEASE CALL 586-6200.


HB 1055 HD1 PROPOSED
     Authorizes the counties to impose an ad valorem tax on motor vehicles. (FIN)


HB 1056 HD1 PROPOSED
     Increases the rental vehicle surcharge from $2 to $3. (FIN)


HB 833 HD1 PROPOSED
     Creates the University Activities Discretionary Fund.  Exempts the U.H. from
     allotment limits on expenditures.  Authorizes the U.H. to borrow up to $10
     million from financial institutions.  Allows U.H. to retain funds remaining
     at the close of a fiscal year for one additional year. (HED,FIN)


HB 377 HD2 PROPOSED
     Requires tourism market plans to target information industries and be
     integrated with existing and potential communications and information
     networks and services.  Provides tax incentives for technology-related job
     creation, increased expenditures in certain technological and scientific
     research and development, and investing in high technology businesses.
     Establishes the Hawaii internet exchange.  Provides for high speed access to
     the internet for the University of Hawaii and the public schools.
     Accelerates work force development programs to create a pool of information
     technology professionals.  (HB377 HD2 PROPOSED ADDS PROVISIONS REGARDING
     SPECIAL PURPOSE REVENUE BONDS TO THE EXISTING HD1)  Authorizes the issuance
     of special purpose revenue bonds for the development of an industrial park
     which will provide training and certification for professionals and other
     individuals who will serve the high technology industry. (TSM/EDB,FIN)





                                  -CONTINUED-

 
NOTICE FIN 03/03/99 2
Page 2



                   DECISION MAKING TO FOLLOW IF TIME PERMITS



PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 COPIES OF THEIR TESTIMONY 24
HOURS PRIOR TO THE HEARING TO:  (1)  ROOM 306, STATE CAPITOL, OR (2)  THE HOUSE SGT.-
AT-ARMS PERSONNEL IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT.
TESTIMONY MAY BE FAXED TO THE HOUSE SGT.-AT-ARMS OFFICE AT:  586-6501 (OAHU) OR 1-
800-535-3859 (NEIGHBOR ISLANDS).  WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY
IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES
THAT IS NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET.  FOR
FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6200.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN
THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER,
WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE
COMMITTEE CLERK 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.



                                         ____________________________________
                                         Rep. Dwight Y. Takamine
                                         Chairman