Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 797, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to make housekeeping amendments to the laws relating to the operations of the Housing and Community Development Corporation of Hawaii (HCDCH). Among other things, this bill adds a new general definition of "public housing project" to differentiate between low-income housing projects and affordable housing developments, and makes conforming amendments throughout chapter 201G, Hawaii Revised Statutes.

HCDCH supported this bill.

Your Committee has amended this bill by:

(1) Changing its effective date to July 1, 2010; and

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 797, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 797, S.D. 1, H.D. 1.