Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2066, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to transfer the administration of the medical education special fund from the state treasury to the University of Hawaii.

Your Committee finds that, currently, none of the University of Hawaii's special funds are established in the state treasury or administered independently. This measure will allow the Hawaii medical education special fund to be established and administered in a manner that is consistent with other University of Hawaii special funds.

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

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2066, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2066, S.D. 2.