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. 1054, S.D. 2, entitled:

begs leave to report as follows:

The purpose of this bill is to establish a financing agreement program for the State to allow state agencies to join together to acquire equipment and pay a pro-rata share for such acquisitions over the useful life of the items.

The Office of the Governor and the Department of Budget and Finance testified in support of this measure.

This bill has been amended by making technical, nonsubstantive amendments for purposes of clarity and style.

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. 1054, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1054, S.D. 2, H.D. 1, and be placed on the calendar for Third Reading.