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

begs leave to report as follows:

The purpose of this bill is to allow the Department of Transportation (DOT) and Board of Land and Natural Resources to enter into capital advancement contracts with private developers for harbor facility improvements in their respective commercial harbor and small boat harbor jurisdictions.

The Chamber of Commerce of Hawaii, American Classic Voyages Co., and Waldron Steamship submitted testimony in support of this bill. The Department of Land and Natural Resources submitted testimony in support of this bill with a proposed amendment. The Department of Budget and Finance submitted comments on this bill.

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. 755, S.D. 2, H.D. 1, and recommends that it pass Third Reading.