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. 2998 entitled:

begs leave to report as follows:

The purpose of this measure is to exempt the passenger facility charge special fund from: transfers to pay for central service and administrative expenses; transfers to the works of art special fund; and deposit into the airport revenue fund.

This bill also changes the name of the passenger facility charge revenue fund to the passenger facility charge special fund.

The passenger facility charge revenue fund was created for the specific purpose of prohibiting expenditure of passenger facility charge revenues for other than approved projects pursuant to federal regulations. This is a housekeeping measure intended to clarify the use of moneys in the passenger facility charge special fund.

Upon further consideration, your Committee has amended this bill by making several technical nonsubstantive amendments 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. 2998, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2998, S.D. 1.