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 S.B. No. 1013, S.D. 3, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to further the development of the Kakaako Makai area by increasing the Hawaii Community Development Authority's (HCDA) tax-exempt public facilities revenue bond authorization to $150,000,000, for the provision of public facilities, such as parking structures.

HCDA, Department of Budget and Finance, Bishop Museum, and an individual testified in support of the 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 S.B. No. 1013, S.D. 3, H.D. 1, and recommends that it pass Third Reading.