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 S.B. No. 582 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of general obligation bonds to finance projects for the executive branch and Judiciary.

The Department of Budget and Finance submitted testimony in support of this bill.

Your Committee has amended this bill by changing the effective date to July 1, 2003.

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 S.B. No. 582, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 582, H.D. 1, and be placed on the calendar for Third Reading.