STAND. COM. REP. 217
Honolulu, Hawaii
, 2003
RE: H.B. No. 1176
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Education, to which was referred H.B. No. 1176 entitled:
"A BILL FOR AN ACT RELATING TO EDUCATION,"
begs leave to report as follows:
The purpose of this bill is to authorize the issuance of general obligation bonds financed under the Qualified Zone Academy Bond (QZAB) program for Department of Education (DOE) projects statewide.
DOE submitted testimony in support of this bill.
Your Committee finds that through the QZAB program, schools in areas with low-income populations can save on interest costs associated with financing school renovations and repairs. Although QZABs cannot be used for new construction, they can be used for:
(1) Renovating and repairing buildings;
(2) Investing in equipment and updated technology;
(3) Developing challenging curricula; and
(4) Training high-quality teachers.
Your Committee has amended this bill by:
(1) Changing the expending agency from the Department of Accounting and General Services to DOE to enable DOE to use these funds for the broadest possible purposes; and
(2) Making technical nonsubstantive changes for purposes of style and clarity.
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. 1176, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1176, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Education,
____________________________ ROY M. TAKUMI, Chair |
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