STAND. COM. REP. NO. 1114
Honolulu, Hawaii
, 2005
RE: S.B. No. 667
S.D. 2
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Higher Education, to which was referred S.B. No. 667, S.D. 2, entitled:
"A BILL FOR AN ACT MAKING AN EMERGENCY APPROPRIATION FOR FLOOD LOSSES,"
begs leave to report as follows:
The purpose of this bill is to help pay for losses incurred by the University of Hawaii (UH) as a result of the flood of October 30, 2004, by appropriating funds to clean, repair, or replace damaged or destroyed UH property and to reimburse UH for monies that have already been spent for this purpose.
The Department of Accounting and General Services (DAGS) and UH supported this bill with amendments.
Your Committee has amended this bill by:
(1) Increasing the spending ceiling of the State Risk Management Revolving Fund (Revolving Fund) by $25,000,000 to $35,450,000;
(2) Authorizing DAGS to transfer $25,000,000 from the Revolving Fund for deposit into the general fund; and
(3) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Higher Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 667, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 667, S.D. 2, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Higher Education,
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____________________________ TOMMY WATERS, Chair |
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