Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Education, to which was referred H.B. No. 939 entitled:

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds in an amount not to exceed $5,000,000, to enable Ho'ala School to finance infrastructure improvements to provide a better educational environment for its students.

Testimony supporting this measure was submitted by Ho'ala School, Hawaii Association of Independent Schools, and the Hawaii Business Roundtable.

Your Committee finds that Ho'ala School is an independent, non-sectarian school (K-12) located in Wahiawa, Oahu, with 131 students and 20 teachers and staff that serve the North Shore as well as central and leeward Oahu. This measure will assist Ho'ala School to develop a master plan as well as construct classrooms, an art center, and offices.

As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 939, and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.