Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Higher Education, to which was referred S.B. No. 1205, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to provide the University of Hawaii (UH) with the flexibility to allocate portions of the indirect overhead revenues generated from UH research and training programs according to changing program needs rather than fixed statutory percentages.

UH submitted testimony in support of this bill.

Your Committee finds that this bill will continue the recent positive trend of providing UH with more fiscal autonomy. By removing the statutory constraints on indirect overhead revenues, UH will be free to use these funds to address their most pressing financial needs.

As affirmed by the record of votes of the members of your Committee on Higher Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1205, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.