STAND. COM. REP. NO. 878-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2572
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Higher Education, to which was referred
S.B. No. 2572 entitled: 

     "A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII
     FACILITIES USE REVOLVING FUND,"

begs leave to report as follows:

     The purpose of this bill is to expand the uses and sources
of funding of the University of Hawaii Facilities Use Revolving
Fund (Fund).

     Specifically, this bill authorizes the deposit of revenues
derived from the sale or lease of real property into the Fund.
Furthermore, this bill allows the university to transfer moneys
from the Fund to other university funds.  This measure also
renames the Fund as the "University of Hawaii Real Property and
Facilities Use Revolving Fund". 

     Your Committee finds further that this measure will
strengthen and broaden the university's revenue base and further
the university's financial independence.

     The University of Hawaii and the Hawaii Association of
Realtors testified in support of this bill.  The Office of
Hawaiian Affairs testified in opposition to this bill.

     As affirmed by the record of votes of the members of your
committee on Higher Education that is attached to this report,
your Committee is in accord with the intent and purpose of S.B.

 
 
                                 STAND. COM. REP. NO. 878-00
                                 Page 2

 
No. 2572 and recommends that it pass Second Reading and be
referred to the Committee on Finance.    

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Higher Education,



                                   ______________________________
                                   DAVID MORIHARA, Chair