Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1893, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to increase the number of low-income students who are prepared to enter and succeed in post secondary education by authorizing the University of Hawaii to establish a charitable trust fund to receive moneys and provide scholarships under the federal Gaining Early Awareness and Readiness for Undergraduate Programs program (GEAR UP).

GEAR UP Hawaii and the Hawaii State Teachers Association testified in support of this measure.

Your Committee has amended this bill by making technical, nonsubstantive amendments.

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. 1893, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1893, H.D. 2.