Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection, and Housing, to which was referred Governor's Message No. 583, submitting for study and consideration the nomination of:

begs leave to report as follows:

The Department of Human Services, Housing and Community Development Corporation of Hawaii (HCDCH), Hawaii Housing Development Corporation, and Pacific Housing Assistance Corporation testified in support of the nomination.

CHARLES A. STED is president and chief executive officer of Hawaii Pacific Health, with extensive experience in business, finance, and accounting. As a partner at Ernst and Young, Mr. Sted conducted audits of HCDCH and its predecessor agency. Further, the nominee is familiar with the State's mortgage lending programs and tax exempt bond financing, and has experience in establishing compliance programs. Mr. Sted has long been active in civic and community affairs, volunteering his time and sharing his expertise with organizations such as the Board of Water Supply, Hawaii Pacific University, Bishop Museum, and Boy Scouts of America.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection, and Housing that is attached to this report, your Committee, after full consideration of the background, experience, and qualifications of the nominee, has found the nominee to be qualified for the position to which nominated and recommends that the Senate advise and consent to the nomination.