STAND. COM. REP. NO.691

Honolulu, Hawaii

, 2001

RE: H.B. No. 1026

H.D. 1

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1026 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 infrastructure development to benefit residents of Hawaiian ancestry in the Kikala-Keokea homestead area by:

(1) Creating an Infrastructure Development Fund (Fund) to be administered by the Department of Land and Natural Resources (DLNR);

(2) Repealing a loan program for residents of the island of Hawaii dispossessed of their homes and lands by volcanic eruptions into the Fund; and

(3) Appropriating funds to be deposited into the Fund form the unexpended and unencumbered balance still remaining in the Housing Finance Revolving Fund.

The Office of Hawaiian Affairs, Hawaii County Economic Opportunity Council, and the Representative from the 4th district submitted testimony in support of this bill. The Housing and Community Development Corporation of Hawaii supported the intent of this bill. DLNR commented on this bill.

 

Your Committee has amended this bill by:

(1) Inserting the appropriation amount of $2,500,000; and

(2) Making technical, nonsubstantive amendments for purposes of style and clarity.

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 H.B. No. 1026, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1026, 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