STAND. COM. REP. NO. 3244

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  H.B. No. 2574
                                        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. 2574, H.D. 1, S.D. 1, entitled: 

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

begs leave to report as follows:

     The purpose of this measure is to authorize the deposit of
moneys collected for mineral and water rights into the special
land and development fund.  It also authorizes the use of the
special land and development fund for the protection, planning,
management, and regulation of water resources.

     Your Committee finds that the economic conditions of the
State in recent years have resulted in budget cuts to the
Commission on Water Resource Management, funded primarily by
general fund revenues.  Because the special land and development
fund provides approximately six per cent of the Commission's
funding, authorizing a new source of revenue for the special land
and development fund that can be spent to protect and manage
water resources will aid the Commission in fulfilling its
responsibilities to sustain the State's limited water resources.

     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                                                     HB2574 SD1
 
 
 
                                   STAND. COM. REP. NO. 3244
                                   Page 2


Committee is in accord with the intent and purpose of H.B. No.
2574, 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                                                     HB2574 SD1