Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Education, to which was referred H.B. No. 1047 entitled:

begs leave to report as follows:

The purpose of this bill is to establish an education research and development revolving fund administered by the Department of Education.

Your Committee finds that the revolving fund established in this measure will provide the Department with an opportunity to market and sell curriculum, educational aids, and services to other education jurisdictions. The measure will also enable the Department to protect its investment of human and capital resources.

Your Committee has amended this measure by specifying that the appropriation to the department must be expended for the purposes of the revolving fund.

As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1047, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1047, H.D. 1, and be referred to the Committee on Finance.