Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 2232, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to ensure that unencumbered funds that were appropriated for infrastructure development at the Kikala-Keokea subdivision on the island of Hawaii do not lapse at the end of fiscal year 2001-2002 by extending the lapse date to June 30, 2003.

The Board of Land and Natural Resources and the Office of Hawaiian Affairs testified in support of this measure.

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. 2232, S.D. 1, and recommends that it pass Second Reading and be placed on the calendar for Third Reading.