STAND. COM. REP. NO. 589-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2624
                                     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.
2624 entitled: 

     "A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII,"

begs leave to report as follows:

     The purpose of this bill is to recodify the statutory
authorization for the Seed Distribution Program Revolving Fund
(Fund) of the University of Hawaii (UH) by:

     (1)  Adding a new section to chapter 304, Hawaii Revised
          Statutes (HRS), relating to UH; and

     (2)  Repealing the Fund from chapter 150, HRS, relating to
          the Hawaii Seed Law.

     UH testified in support of this measure.

     Your Committee has amended this bill by:

     (1)  Stipulating that any moneys in excess of $70,000 from
          the Fund shall be remitted to the general fund at the
          end of each fiscal year; and

     (2)  Making technical, nonsubstantive amendments to conform
          with drafting style.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your

 
 
                                 STAND. COM. REP. NO. 589-00
                                 Page 2

 
Committee is in accord with the intent and purpose of H.B. No.
2624, as amended herein, and recommends that it pass Second
Reading in the form attached hereto as H.B. No. 2624, H.D. 1, and
be placed on the calendar for Third Reading.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair