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. 661, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to require the Governor or Director of Finance to hold public hearings prior to placing restrictions on the budget allocation of any state agency or department.

The Department of Budget and Finance and Department of Transportation (DOT) submitted testimony supporting the proposed H.D. 1 version of this bill that focuses on reducing debt service requirements of the Airports Division of DOT.

Accordingly, your Committee has amended this bill by:

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. 661, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 661, S.D. 1, H.D. 1, and be placed on the calendar for Third Reading.