STAND. COM. REP. NO. 1324-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2736
                                     S.D. 2
                                     H.D. 1




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.
2736, S.D. 2, entitled: 

     "A BILL FOR AN ACT RELATING TO KIKALA-KEOKEA,"

begs leave to report as follows:

     The purpose of this bill is to provide funds for the
development of infrastructure at Kikala-Keokea where people
displaced by volcanic activity are residing on homestead land.

     The Housing and Community Development Corporation of Hawaii,
the Department of Land and Natural Resources (DLNR), and the
Office of Hawaiian Affairs supported this bill.

     Your Committee has amended this bill by replacing its
contents with H.B. No. 2768, H.D. 1, a similar bill that passed
the House earlier this session after public hearings by your
Committees on Water and Land Use, Judiciary & Hawaiian Affairs,
and Finance.

     As amended, this bill:

     (1)  Restores the original appropriation amount of
          $1,750,000 in section 3 of the bill; 

     (2)  Removes language from section 6 of the bill that on
          June 30, 2000, the Director of Finance shall transfer
          the unexpended balance of the moneys appropriated and
          deposited into the Housing Finance Revolving Fund
          pursuant to Act 242, Session Laws of Hawaii (SLH) 1991,
          into the Infrastructure Development Fund; 

 
                                 STAND. COM. REP. NO. 1324-00
                                 Page 2

 

     (3)  Inserts language that the funds appropriated under Act
          242, SLH 1991, shall be deposited into the
          Infrastructure Development Fund; and

     (4)  Makes technical, nonsubstantive amendments for purposes
          of clarity and style.

     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.
2736, S.D. 2, as amended herein, and recommends that it pass
Second Reading in the form attached hereto as S.B. No. 2736, S.D.
2, H.D. 1, and be placed on the calendar for Third Reading.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair