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. 573 entitled:

begs leave to report as follows:

The purpose of this bill is to repeal 15 Acts that authorize the issuance of special purpose revenue bonds, and as of June 30, 2001, do not provide for lapsing dates and for which there has been no action taken by the affected parties.

The Department of Budget and Finance testified in support of this measure.

Your Committee has amended this bill by making technical, nonsubstantive amendments for clarity, consistency, and style.

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. 573, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 573, H.D. 1, and be placed on the calendar for Third Reading.