CONFERENCE COMMITTEE REP

CONFERENCE COMMITTEE REP. NO.140-02

Honolulu, Hawaii

, 2002

RE: S.B. No. 3048

S.D. 2

H.D. 1

C.D. 1

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 3048, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO 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 measure is to authorize the Department of Business, Economic Development, and Tourism to issue an unspecified amount of special facility revenue bonds to finance a world-class destination visitor attraction on Ford Island to tell the Navy-Marine Corps story in World War II.

Your Committee has amended this measure by:

(1) Authorizing the Department of Transportation, rather than the Department of Business, Economic Development, and Tourism, to issue the special facility revenue bonds; and

(2) Authorizing the issuance of not more than $25,000,000 in special facility revenue bonds and appropriating the same amount to finance this world-class destination visitor attraction.

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 S.B. No. 3048, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 3048, S.D. 2, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________ DWIGHT Y. TAKAMINE, Chair		____________________________ BRIAN T. TANIGUCHI, Chair
		____________________________ CAL KAWAMOTO, Co-Chair