Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Higher Education, to which was referred H.B. No. 893, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to allow the University of Hawaii (UH) to retain up to five percent of any general fund appropriation until June 30^th of the first year of the following fiscal biennium.

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

Your Committee finds that this bill will afford UH greater flexibility in managing its moneys. This is particularly important during difficult economic times, when UH must find ways to creatively manage its resources.

Your Committee has amended this bill by specifying that general fund appropriations may be carried over until June 30^th of the next fiscal year.

As affirmed by the record of votes of the members of your Committee on Higher Education that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 893, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 893, H.D. 2, and be referred to the Committee on Finance.