CONFERENCE COMMITTEE REP. NO.57
Honolulu, Hawaii
, 2001
RE: H.B. No. 731
H.D. 1
S.D. 2
C.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sirs:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 731, H.D. 1, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this bill is to allow the University of Hawaii (UH) the flexibility to manage its resources by allowing UH to transfer all UH funds, with the exception of general funds, into the UH Commercial Enterprises Revolving Fund (Revolving Fund).
Your Committee on Conference finds that this measure will allow the Revolving Fund to finance new commercial enterprises that will generate revenues to increase UH's fiscal self-sufficiency. While supporting the goal of allowing UH greater flexibility with regard to managing its own resources, your Committee on Conference finds that the Legislature must at the same time ensure accountability. Your Committee on Conference believes that if the purpose of creating the Revolving Fund is to generate revenues for UH, then UH does not need permanent authority for the resource allocation provided by this measure.
Therefore, your Committee on Conference has amended this measure by:
(1) Including a requirement that UH provide an annual report to the Legislature on all funds transferred into the Revolving Fund and all expenditures from the Revolving Fund; and
(2) Placing a three-year time limit on UH's transfer of all non-general funds at its disposal into the Revolving Fund. Specifically, the measure now restricts inter-fund transfers to the period from July 1, 2001, to June 30, 2004.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 731, H.D. 1, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 731, H.D. 1, S.D. 2, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE SENATE |
ON THE PART OF THE HOUSE |
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____________________________ NORMAN SAKAMOTO, Chair |
____________________________ ROY TAKUMI, Co-Chair |
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____________________________ MICHAEL Y. MAGAOAY, Co-Chair |