STAND. COM. REP. NO.298
Honolulu, Hawaii
, 2001
RE: H.B. No. 1686
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 Transportation, to which was referred H.B. No. 1686 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF REVENUE BONDS FOR INTER-ISLAND MARITIME TRANSPORTATION,"
begs leave to report as follows:
The purpose of this bill is to address the inadequate interisland and intraisland maritime passenger transportation service by authorizing the issuance of revenue bonds for construction of improvements and equipping special facilities by the Department of Transportation (DOT) for maritime and marine operations by Rainbow Island Express.
DOT submitted testimony in support of the intent of the bill. The Department of Budget and Finance commented on the bill.
Your Committee has amended the bill by:
(1) Providing for the issuance of special facility revenue bonds instead of ordinary revenue bonds; and
(2) Clarifying that section 266-55, Hawaii Revised Statutes (HRS), mandates that special facility revenue bonds be issued under part III of chapter 39, HRS.
As affirmed by the record of votes of the members of your Committee on Transportation that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1686, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1686, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Transportation,
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____________________________ JOSEPH M. SOUKI, Chair |
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