STAND. COM. REP. NO. 2597

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  S.B. No. 2915
                                        S.D. 1




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

Sir:

     Your Committee on Ways and Means, to which was referred S.B.
No. 2915, S.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO THE SPECIAL LAND AND
     DEVELOPMENT FUND,"

begs leave to report as follows:

     The purpose of this bill is to authorize an additional
source of funding for the Special Land and Development Fund and
to broaden the purposes for which the fund's revenues may be
expended. 

     Specifically, this measure authorizes the deposit of money
collected for the disposition of mineral and water rights into
the Special Land and Development Fund, and provides that the fund
may be used for the protection, planning, management, and
regulation of water resources.

     Your Committee finds that the State's economic condition has
led to budget cuts for the Commission on Water Resource
Management, which is largely funded through general funds.
Approximately six per cent of the Commission budget is from the
Special Land and Development Fund.  The addition of a new source
of revenue for the special fund that can be expended to protect
water resources will assist the Commission to fulfill its
responsibilities to manage the State's water resources.

 
a                                                     SB2915 SD1
 
 
 
                                   STAND. COM. REP. NO. 2597
                                   Page 2


     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
2915, S.D. 1, and recommends that it pass Third Reading.

                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
a                                                     SB2915 SD1