STAND. COM. REP. NO. 2299

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  S.B. No. 2572
                                        




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Education and Technology, 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 measure is to expand and strengthen its
revenue base by authorizing the deposit of revenues generated
from University real property into the facilities use revolving
fund.

     Testimony in support of this measure was received from the
University of Hawaii.  Testimony in opposition to this measure
was received from the Office of Hawaiian Affairs.

     Your Committee finds that the University intends to use its
assets, including real property, to expand entrepreneurial
activities and thereby generate increased revenues.  This measure
will provide the necessary fiscal vehicle to facilitate this
effort.

     As affirmed by the record of votes of the members of your
Committee on Education and Technology that is attached to this
report, your Committee is in accord with the intent and purpose
of S.B. No. 2572 and recommends that it pass Second Reading and
be referred to the Committee on Ways and Means.


 
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                                   STAND. COM. REP. NO. 2299
                                   Page 2


                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Education and
                                   Technology,



                                   ______________________________
                                   DAVID Y. IGE, Chair

 
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