STAND. COM. REP. NO. 2049

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  S.B. No. 289
                                        S.D. 1




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

Sir:

     Your Committee on Government Operations and Housing, to
which was referred S.B. No. 289 entitled: 

     "A BILL FOR AN ACT RELATING TO HOUSING,"

begs leave to report as follows:

    The purpose of this short form bill is to amend the Hawaii
Revised Statutes relating to housing.

    Your Committee has amended this bill by adding content which
designates the Housing and Community Development Corporation of
Hawaii as a mortgage lender so that it may provide refinancing of
permanent residential home mortgages for residents of Hawaii.

    As affirmed by the record of votes of the members of your
Committee on Government Operations and Housing that are attached to
this report, your Committee is in accord with the action to report
out S.B. No. 289, as amended herein, and recommend that it pass
Second Reading in the form attached hereto as S.B. No. 289, S.D. 1,
and be recommitted to the Committee on Government Operations and
Housing for further consideration.

 
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                                   STAND. COM. REP. NO. 2049
                                   Page 2


                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Government
                                   Operations and Housing,



                                   ______________________________
                                   ROD TAM, Chair

 
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