STAND. COM. REP. NO. 856-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2578
                                     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.
2578, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO THE NATURAL AREA RESERVE
     FUND,"

begs leave to report as follows:

     The purpose of this bill is to authorize the Director of
Finance to transfer funds from the Natural Area Reserve Fund, in
excess of fund requirements, to the general fund on July 1, 2000.
 
     The Department of Land and Natural Resources testified that
it supports the bill if the appropriation amount is changed to
$500,000.  The Hawaii Audubon Society testified in opposition to
the bill.

     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.
2578, 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