STAND. COM. REP. NO. 3576

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  H.C.R. No. 89
                                        




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.C.R. No. 89 entitled:

     "HOUSE CONCURRENT RESOLUTION REQUESTING THE AUDITOR TO
     UPDATE ITS 1992 SUMMARY OF SPECIAL AND REVOLVING FUNDS,"

begs leave to report as follows:

     The purpose of this measure is to request the Auditor to
update its 1992 summary report on special and revolving funds.

     Specifically, this measure requests the Auditor to provide:

     (1)  For each new special and revolving fund created since
          July 1, 1990, an analysis of the fund's conformance
          with the criteria used by the Auditor in complying with
          Act 240, Session Laws of Hawaii 1990;

     (2)  For each special and revolving fund existing as of
          July 1, 1999, the cash balance in the fund as of
          June 30, 2000;

     (3)  A list of all special and revolving funds terminated
          since July 1, 1990; and


 
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     (4)  A discussion and analysis of alternatives available to
          the Legislature in strengthening its oversight over
          non-general fund moneys.

     Your Committee finds that the use of special and revolving
funds to pay for operating and capital investment costs
constitutes a significant part of the state budget, and a review
of the status and use of those funds is appropriate.

     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee concurs with the intent and purpose of H.C.R. No. 89,
and recommends its adoption.

                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
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