STAND. COM. REP. NO. 713-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2574
                                     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.
2574 entitled: 

     "A BILL FOR AN ACT RELATING TO THE SPECIAL LAND AND
     DEVELOPMENT FUND,"

begs leave to report as follows:

     The purpose of this bill is to:

     (1)  Deposit moneys generated by the disposition of mineral
          and water rights into the Special Land and Development
          Fund (Fund); and

     (2)  Authorize the use of the Fund for activities undertaken
          by the Commission on Water Resource Management.

     The Department of Land and Natural Resources and Board of
Water Supply of the City and County of Honolulu 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 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.
2574, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 2574, H.D. 1.


 
 
                                 STAND. COM. REP. NO. 713-00
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair