CONFERENCE COMMITTEE REP. NO. 70-04
Honolulu, Hawaii
, 2004
RE: S.B. No. 2538
S.D. 1
H.D. 1
C.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2538, S.D. 1, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR IOLANI SCHOOL,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this measure is to authorize the issuance of $30,000,000 in special purpose revenue bonds to assist Iolani School, a not-for-profit private elementary and secondary school, to finance and refinance the planning, construction, and improvement of its educational facilities in the State.
Your Committee finds that the issuance of special purpose revenue bonds serves a valuable public purpose by making much-needed educational facilities available to the students of Hawaii.
Your Committee has amended the measure by making the measure effective upon approval.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 2538, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2538, S.D. 1, H.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
ON THE PART OF THE HOUSE |
ON THE PART OF THE SENATE |
____________________________ ROY TAKUMI, Co-Chair |
____________________________ NORMAN SAKAMOTO, Co-Chair |
|
____________________________ SCOTT Y. NISHIMOTO, Co-Chair |
____________________________ BRIAN T. TANIGUCHI, Co-Chair |
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