STAND. COM. REP. 757

Honolulu, Hawaii

, 2003

RE: H.B. No. 1395

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 Finance, to which was referred H.B. No. 1395 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL FACILITY PROJECTS,"

begs leave to report as follows:

The purpose of this bill is to:

(1) Extend through the 2003-2005 fiscal biennium the authority of the Hawaii Community Development Authority (HCDA) to issue special facility revenue bonds (SFRBs);

(2) Increase from $20,000,000 to $40,000,000 the amount of SFRBs that HCDA may issue; and

(3) Amend the definition of "special facility."

The University of Hawaii and HCDA submitted testimony in support of this bill. Kajima Urban Development International, LLC, submitted comments.

Your Committee has amended this bill by making technical, nonsubstantive changes for purposes of style and clarity.

 

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. 1395, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1395, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Finance,

 

____________________________

DWIGHT Y. TAKAMINE, Chair