STAND. COM. REP. NO.655
Honolulu, Hawaii
, 2001
RE: H.B. No. 946
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. 946 entitled:
"A BILL FOR AN ACT RELATING TO EDUCATION,"
begs leave to report as follows:
The purpose of this bill is to ensure that the Pearl City High School Cultural Center (Center) is adequately maintained by:
(1) Establishing a reserve account that would provide the Center with a steady source of revenues; and
(2) Designating an unspecified percentage of the moneys derived from operating this school-run business venture to be deposited into the reserve account to repair and maintain the Center.
This bill also requires the Director of Finance to transfer an unspecified amount from the reserve account to the state general fund.
The Department of Education testified in support of this measure.
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. 946 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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