STAND. COM. REP. NO. 2115

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  S.B. No. 2911
                                        




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

Sir:

     Your Committee on Economic Development, to which was
referred S.B. No. 2911 entitled: 

     "A BILL FOR AN ACT RELATING TO THE BOATING SPECIAL FUND,"

begs leave to report as follows:

     The purpose of this measure is to clarify that the five per
cent transfer from the boating special fund to the general fund
for central services expenses shall be limited to the amount
remaining after debt service.

     Testimony in favor of this measure was submitted by the
Department of Land and Natural Resources and the Hawaii Boaters
Political Action Association.

     Your Committee finds that this measure would provide the
same provisions for the boating special fund that were in place
when the boating program was under the authority of the
Department of Transportation.  The exemption of the amounts
required for debt service from the five per cent assessment will
allow the boating program to retain approximately $100,000
annually that can be expended on programs to benefit Hawaii's
boating community.

     As affirmed by the record of votes of the members of your
Committee on Economic Development that is attached to this
report, your Committee is in accord with the intent and purpose
of S.B. No. 2911 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. 2115
                                   Page 2



                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Economic
                                   Development,



                                   ______________________________
                                   LORRAINE R. INOUYE, Chair

 
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