STAND. COM. REP. NO.1418

Honolulu, Hawaii

, 2001

RE: S.B. No. 1030

S.D. 2

H.D. 2

 

 

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. 1030, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY,"

begs leave to report as follows:

The purpose of this bill is to authorize the Hawaii Community Development Authority (HCDA) to issue special facility revenue bonds for eligible projects, including an ocean science center, in the Kakaako community development district.

The Department of Business, Economic Development, and Tourism, Department of Budget and Finance, HCDA, Hawaii Tourism Authority, Eye on Makai, Ocean Science Center of the Pacific, and an individual submitted testimony in support of this bill.

Your Committee has amended this bill by:

(1) Deleting references to aircraft liability and passenger liability from the requirement to provide workers' compensation and employer's liability insurance under the mandatory provisions of special facility leases; and

(2) Making technical, nonsubstantive changes for purposes of style and clarity.

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. 1030, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1030, S.D. 2, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

DWIGHT Y. TAKAMINE, Chair