STAND. COM. REP. 768
Honolulu, Hawaii
, 2003
RE: H.B. No. 316
H.D. 2
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 316, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO UNIVERSITY PROJECTS AND PURPOSES,"
begs leave to report as follows:
The purpose of this bill is to grant more flexibility to the University of Hawaii (UH) Board of Regents in financing and administering capital projects. This bill establishes a new chapter relating to University projects to replace chapter 306, Hawaii Revised Statutes.
UH testified in support of this measure.
Your Committee has amended this bill by:
(1) Clarifying that the $20,000,000 authorized ceiling shall not apply to any principal amount outstanding as of the date of enactment of this measure; and
(2) Making technical, nonsubstantive amendments for purposes of style, clarity, and consistency.
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 H.B. No. 316, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 316, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
|
____________________________ DWIGHT Y. TAKAMINE, Chair |
||