STAND. COM. REP. NO. 601-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2573
                                     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.
2573 entitled: 

     "A BILL FOR AN ACT RELATING TO THE SPECIAL FUNDS OF THE LAND
     DIVISION,"

begs leave to report as follows:

     The purpose of this bill is to generate general funds
savings by:

     (1)  Requiring that moneys collected from lessees of public
          lands within industrial parks to be deposited into the
          Special Land and Development Fund (SLDF);

     (2)  Authorizing the transfers of fees and fines pursuant to
          chapter 183C, Hawaii Revised Statutes, be deposited
          into the SLDF; and 

     (2)  Abolishing the Industrial Park Special Fund and
          transferring all of its assets and liabilities to the
          SLDF.

     The Department of Land and Natural Resources supported this
bill.  The Office of Hawaiian Affairs opposed this bill.

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


 
 
                                 STAND. COM. REP. NO. 601-00
                                 Page 2

 
     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.
2573, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 2573, H.D. 1.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair