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. 545 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of $30,000,000 in revenue bonds to be deposited into the Rental Housing Trust Fund (RHTF) and to appropriate such funds to carry out the purposes of the RHTF.

The Office of the Governor, Housing and Community Development Corporation of Hawaii, RHTF Advisory Commission, Hawaii State Commission on the Status of Women, City and County of Honolulu, Catholic Charities Elderly Services, Building Industry Association of Hawaii, Hawaii Catholic Conference, Kalihi-Palama Health Center, American Friends Service Committee, and the Affordable Housing and Homeless Alliance testified 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. 545 and recommends that it pass Third Reading.