STAND. COM. REP. NO. 600-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2570
                                     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.
2570 entitled: 

     "A BILL FOR AN ACT RELATING TO THE BOATING SPECIAL FUND,"

begs leave to report as follows:

     The purpose of this bill is to clarify that the five percent
assessment from the Boating Special Fund deposited to the general
fund for central services expenses shall be limited to five
percent of the net revenues, calculated as the gross revenues
minus the debt service amount.

     The Board of Land and Natural Resources, Hawaii Government
Employees Association, and one individual supported the bill.

     Your Committee has amended this bill by making technical,
nonsubstantive changes for purposes of style and clarity.

     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.
2570, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 2570, H.D. 1.

 
 
 
 
 
 
 
 
                                 STAND. COM. REP. NO. 600-00
                                 Page 2

 

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair