STAND. COM. REP. NO. 3203

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  H.B. No. 2066
                                        H.D. 1
                                        S.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred H.B.
No. 2066, H.D. 1, S.D. 1, entitled:

     "A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII
     FACILITIES USE REVOLVING FUND,"

begs leave to report as follows:

     The purpose of this bill is to expand the University of
Hawaii facilities use revolving fund into the University of
Hawaii real property and facilities use revolving fund.

     Specifically, this measure will authorize the University of
Hawaii to deposit revenues from the use of its real property into
the revolving fund.  Furthermore, this measure authorizes the
University to transfer unexpended revenues from the revolving
fund to other university funds to defray administrative or
overhead expenses.  Lastly, this measure requires the University
to heed legal requirements with regard to the disposition of
ceded lands.

     Your Committee finds that this measure is necessary to
strengthen the fiscal autonomy of the University.

     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your

 
a                                                      HB2066 SD1
 
 
 
                                   STAND. COM. REP. NO. 3203
                                   Page 2


Committee is in accord with the intent and purpose of H.B. No.
2066, H.D. 1, S.D. 1, and recommends that it pass Third Reading.

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



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
a                                                      HB2066 SD1