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. 735 entitled:

begs leave to report as follows:

The purpose of this bill is to require the Research Corporation of the University of Hawaii (RCUH) to submit their audited financial statement and total amount of payroll and other disbursements made as part of the annual report to the Governor and the Legislature.

RCUH 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. 735 and recommends that it pass Third Reading.