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 S.B. No. 2791, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to assist Montessori School of Maui, Inc., in the planning, acquisition, construction, or improvement of its educational facilities by authorizing the issuance of special purpose revenue bonds up to $10,000,000.

Montessori School of Maui and the Hawaii Association of Independent Schools testified in support of this bill. The Hawaii State Teachers Association opposed this measure.

Your Committee has amended this bill by:

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 S.B. No. 2791, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2791, S.D. 1, H.D. 1.