Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Education, to which was referred H.C.R. No. 43 entitled:

begs leave to report as follows:

The purpose of this measure is to request the Department of Budget and Finance to enter into a financing agreement for a new elementary school in Kahului, Maui.

Your Committee received testimony in support of the measure from the Department of Education.

Your Committee finds that central Maui is one of the fastest growing areas in the State and in great need of a new school. To address the community's urgent need for the school, real estate developer Maui Lani Partners is willing to donate land for a school and enter into a financing agreement under chapter 37D, Hawaii Revised Statutes. Cost effective public-private partnerships such as this one that maximize scarce public resources in high-need areas such as school construction should be encouraged.

As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 43, and recommends that it be referred to the Committee on Ways and Means.