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. 540, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to conform with federal law by requiring the inclusion of at least one resident who is assisted by the Housing and Community Development Corporation of Hawaii (HCDCH), under the federal low-rent public housing or section 8 tenant-based assistance payments program, as a member of the HCDCH Board of Directors.

HCDCH submitted testimony in support of this bill.

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. 540, H.D. 1, and recommends that it pass Third Reading.