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. 426 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the Department of Land and Natural Resources (DLNR) to issue new leases for certain parcels of land on Kauai.

Kauai Beachfront Hotel, LLC, submitted testimony in support of this bill. DLNR submitted testimony in opposition to this bill.

Your Committee has amended this bill by authorizing DLNR to issue new leases for all general leases in Kokee.

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. 426, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 426, H.D. 1.