STAND. COM. REP. NO.1191-02
Honolulu, Hawaii
, 2002
RE: S.B. No. 3049
S.D. 2
H.D. 2
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. 3049, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO BONDS,"
begs leave to report as follows:
The purpose of this bill is to provide an alternative mode of transportation to alleviate the traffic congestion in West Oahu by authorizing the issuance of special facility revenue bonds to construct facilities for a ferry service between West and East Oahu.
The Department of Transportation and Ford Island Development Group, LLC, supported this bill. The Department of Budget and Finance commented on this measure.
Your Committee has amended this measure by:
(1) Correcting the statutory reference for the issuance of special facility revenue bonds; and
(2) Making technical, nonsubstantive amendments for purposes of consistency and clarity.
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. 3049, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 3049, S.D. 2, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
|
____________________________ DWIGHT Y. TAKAMINE, Chair |
||