CONFERENCE COMMITTEE REP. NO.145
Honolulu, Hawaii
, 2005
RE: H.B. No. 19
H.D. 2
S.D. 2
C.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Honorable Robert Bunda
President of the Senate
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 19, H.D. 2, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO UNIVERSITY PROJECTS AND AUTHORIZING THE ISSUANCE OF REVENUE BONDS FOR HOUSING UNITS,"
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 bill is to enhance the University of Hawaii's (UH) ability to address students' critical housing needs in a tight rental market by:
(1) Allowing UH to use sources other than revenues generated through the bond system; and
(2) Authorizing the UH Board of Regents to issue $25,000,000 in revenue bonds to finance the maintenance of any university project or the cost of construction of new housing units at the University of Hawaii at Manoa campus on sites currently used for student housing,
to finance the construction and repair of student housing units.
Your Committee has amended this bill by:
(1) Increasing the authorization of the issuance of revenue bonds to $100,000,000 from $25,000,000;
(2) Removing the section referencing H.B. No. 1, since H.B. No. 1 did not pass the Legislature this session; and
(3) Making technical, nonsubstantive amendments for clarity, consistency, and style.
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 H.B. No. 19, H.D. 2, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 19, H.D. 2, S.D. 2, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE SENATE |
ON THE PART OF THE HOUSE |
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____________________________ CLAYTON HEE, Chair |
____________________________ TOMMY WATERS, Co-Chair |
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____________________________ BRIAN T. TANIGUCHI, Co-Chair |
____________________________ PONO CHONG, Co-Chair |