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. 574 entitled:

begs leave to report as follows:

The purpose of this bill is to establish a three-year lapsing period for special purpose revenue bonds authorized pursuant to chapter 39A, Hawaii Revised Statutes.

The Department of Budget and Finance submitted testimony in support of the 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. 574 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.