STAND. COM. REP. NO. 612-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2434
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
2434, H.D. 1, entitled: 

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

begs leave to report as follows:

     The purpose of this bill is to maintain the financial
solvency of the State by returning $1 from the Hawaii Strategic
Development Corporation to the general fund.

     The Department of Business, Economic Development, and
Tourism commented on this measure.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
2434, H.D. 1, and recommends that it pass Third Reading.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair