Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Transportation, Military Affairs and Government Operations, to which was referred S.B. No. 3048 entitled:

begs leave to report as follows:

The purpose of this measure is to authorize issuance of $75,000,000 in revenue bonds to develop a new world class visitor destination on Ford Island to honor World War II veterans.

Your Committee received testimony in support of this measure from the Department of Business, Economic Development, and Tourism. The Department of Budget and Finance (BUF) submitted comments.

Your Committee finds that projects such as the one proposed by this measure serve many purposes. Not only would this visitor destination honor the veterans of World War II and educate residents and visitors about the War, it would also boost the tourism industry by providing another visitor attraction in Hawaii.

Therefore, your Committee fully supports this measure and hopes that the project will be designed and constructed as soon as possible.

Your Committee made technical amendments to this measure for clarity and accuracy.

As affirmed by the record of votes of the members of your Committee on Transportation, Military Affairs and Government Operations that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3048, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 3048, S.D. 1, and be referred to the Committee on Ways and Means.