STAND. COM. REP. NO.1395
Honolulu, Hawaii
, 2001
RE: S.B. No. 1101
H.D. 1
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. 1101 entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAIIAN HOMES COMMISSION ACT, 1920, AS AMENDED,"
begs leave to report as follows:
The purpose of this bill is to authorize the Department of Hawaiian Home Lands (DHHL) to require a successor lessee who receives a homestead lease due to:
(1) The death of a lessee who leaves no qualified successor;
(2) The cancellation of a lease by DHHL; or
(3) The surrender of a lease by the lessee,
to secure private financing to repay any advances made from the Hawaiian Home Loan Fund or Hawaiian Home General Loan Fund.
DHHL testified in support of this measure.
Your Committee has amended this bill by:
(1) Including a severability provision; and
(2) 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. 1101, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1101, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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