STAND. COM. REP. NO. 1724

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 1481
                                     S.D. 1
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No.
1481, S.D. 1, entitled: 

     "A BILL FOR AN ACT MAKING AN APPROPRIATION FOR THE HAWAII
     ISLAND VETERANS MEMORIAL INC,"

begs leave to report as follows:

     The purpose of this bill is to provide centralized services
for the 14,400 veterans on the island of Hawaii by authorizing
the construction of a combined Veterans Center in Hilo.

     This bill appropriates an unspecified sum of general funds
for a grant-in-aid to the Hawaii Island Veterans Memorial Inc.
 
     Testimony in support of this measure was submitted by the
Office of Veterans Services, the Mayor of the County of Hawaii,
the Big Island Veterans Association, the Oahu Veterans Council,
the Hawaii County Veterans Advisory Committee, The American
Legion of the Department of Hawaii, and a number of veterans and
individuals.

     Your Committee has amended this bill by:

     (1)  Replacing the means of financing with general
          obligation bonds; and

     (2)  Making technical, nonsubstantive revisions for
          consistency.

 
 
                                 STAND. COM. REP. NO. 1724
                                 Page 2

 
 
     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 S.B. No.
1481, S.D. 1, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as S.B. No. 1481, S.D.
1, H.D. 1.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair