STAND. COM. REP. NO.629
Honolulu, Hawaii
, 2001
RE: H.B. No. 144
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. 144 entitled:
"A BILL FOR AN ACT RELATING TO KAHO`OLAWE ISLAND RESERVE,"
begs leave to report as follows:
The purpose of this bill is to:
(1) Enable the Kahoolawe Island Reserve Commission (KIRC) to solicit and accept grants, donations, and contributions;
(2) Rename KIRC's trust account to the Kahoolawe Rehabilitation Trust Fund (Trust Fund);
(3) Clarify that moneys received from fundraising and nongovernmental sources may be deposited into the Trust Fund;
(4) Remove the repeal date from the Trust Fund;
(5) Provide that all funds be transferred to the general fund should the Trust Fund be terminated; and
(6) Require KIRC to submit an annual report on the status of the Trust Fund.
The Office of Hawaiian Affairs and KIRC testified in support of this measure.
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. 144 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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