CONFERENCE COMMITTEE REP

CONFERENCE COMMITTEE REP. 140

Honolulu, Hawaii

, 2003

RE: H.B. No. 1152

H.D. 1

S.D. 1

C.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1152, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO STATE FUNDS,"

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 bill is to:

(1) Repeal certain revolving and special funds that no longer serve the purpose for which they were originally established, are not an appropriate means of financing for the programs or activities, or are not financially self-sustaining;

(2) Transfer excess balances from a number of other funds to the state general fund; and

(3) Specify the division of excess amounts of tobacco settlement moneys appropriated into the University Revenue-Undertakings Fund between the Emergency and Budget Reserve Fund and the Hawaii Tobacco Prevention and Control Trust Fund.

Upon careful consideration, your Committee on Conference has amended this bill by, among other things:

(1) Increasing the amount transferred from the Hawaii Capital Loan Revolving Fund to the general fund from $500,000 to $4,000,000;

(2) Decreasing the amount transferred from the Compliance Resolution Fund to the general fund from $4,800,000 to $3,000,000;

(3) Providing for the transfer of $4,000,000 from the Hawaii Capital Loan Revolving Fund to the general fund;

(4) Providing for the transfer of $1,300,000 from the Hawaii Strategic Development Corporation Revolving Fund to the general fund;

(5) Deleting the exemption for passenger-facility charges from certain laws to prevent prohibited revenue diversion; and

(6) Making technical, nonsubstantive amendments for purposes of consistency, clarity, and style.

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 H.B. No. 1152, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1152, H.D. 1, S.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE		ON THE PART OF THE HOUSE
____________________________ BRIAN T. TANIGUCHI, Chair		____________________________ DWIGHT Y. TAKAMINE, Chair