CONFERENCE COMMITTEE REP. NO.15-02
Honolulu, Hawaii
, 2002
RE: H.B. No. 2045
H.D. 1
S.D. 2
C.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2045, H.D. 1, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO REVENUE BONDS,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this bill is to authorize county established corporations or boards, which own or operate facilities for the furnishing of electricity, to issue revenue bonds.
Your Committee on Conference has amended this measure by:
(1) Specifying that as a requirement for the authorization to issue revenue bonds, the corporation or board direct all of its revenues toward the furnishing of electrical services, and not toward the general fund of the county, unless the transfer of revenues constitutes a payment in lieu of taxes;
(2) Changing the effective date to upon its approval;
(3) Changing the repeal date to June 30, 2004; and
(4) Making technical, nonsubstantive amendments for purposes of clarity, conformity, and style.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2045, H.D. 1, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2045, H.D. 1, S.D. 2, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE SENATE |
ON THE PART OF THE HOUSE |
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____________________________ DONNA MERCADO KIM, Chair |
____________________________ HERMINA M. MORITA, Co-Chair |
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____________________________ BRIAN T. TANIGUCHI, Co-Chair |
____________________________ NOBU YONAMINE, Co-Chair |
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