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. 2815 entitled:

begs leave to report as follows:

The purpose of this bill is to improve school facilities and provide better learning environments for low- and moderate-income students by authorizing the issuance of general obligation bonds to allow the Department of Education to finance its statewide projects under the federal Qualified Zone Academy Bond program.

The Department of Education supported the intent of this bill and provided comments.

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. 2815 and recommends that it pass Third Reading.