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. 1111 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of special purpose revenue bonds of up to $25,000,000 for Kulana Malama, an intergenerational care center in the Ewa Villages.

Kulana Malama testified in support of this measure. The Department of Budget and Finance submitted comments.

Your Committee has amended this bill by:

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. 1111, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1111, H.D. 1.