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. 1017 entitled:

begs leave to report as follows:

The purpose of this bill is to require lessees that abandon an eminent domain proceeding to directly pay the lessor for its prorated share of expenses.

The Housing and Development Corporation of Hawaii 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 S.B. No. 1017 and recommends that it pass Third Reading.