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.R. No. 78 entitled:

begs leave to report as follows:

The purpose of this resolution is to encourage the preservation of our beaches and shorelines.

Upon further consideration, your Committee has amended this resolution to require state government to consider rather than provide a tax incentive to implement restoration and maintenance of Hawaii's beaches and shorelines.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.R. No. 78, as amended herein, and recommends its adoption in the form attached hereto as H.R. No. 78, H.D. 1.