Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Education, to which was referred S.B. No. 1483, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to support education in the state by authorizing the issuance of special purpose revenue bonds for Waimea Country School to finance and refinance the planning, acquisition, construction, and improvement of its educational facilities.

The Hawaii Association of Independent Schools and Waimea Country School testified in support of this bill. The Department of Budget and Finance offered comments.

As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1483, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.