STAND. COM. REP. NO. 1433-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2005
                                     




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 S.B. No.
2005 entitled: 

     "A BILL FOR AN ACT RELATING TO PUBLIC LANDS,"

begs leave to report as follows:

     The purpose of this bill is to stimulate tourism in East
Hawaii by creating incentives for reinvestment in the resort and
other infrastructure of the Banyan Drive resort area in Hilo,
Hawaii.

     Specifically, this bill authorizes the Department of Land
and Natural Resources (DLNR) to issue new leases to existing
lessees of the Banyan Drive resort area, subject to certain
conditions.

     DLNR, Chamber of Commerce of Hawaii, Hawaii Association of
REALTORS, and Hawaii Naniloa Hotel testified in support of this
measure.  The Office of Hawaiian Affairs testified in opposition
to this measure.

     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.
2005 and recommends that it pass Third Reading.


 
 
 
 
 
                                 STAND. COM. REP. NO. 1433-00
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair