Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2273 entitled:

begs leave to report as follows:

The purpose of this bill is to provide for anticipated expenditures resulting from the May 7, 2005, fire at Kalaheo Elementary School and an increase in the cost of property insurance premiums by making an emergency appropriation of $1,500,000 into, and increasing the spending ceiling of the State Risk Management Revolving Fund.

The Department of Education and Department of Agriculture and General Services supported this bill.

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 H.B. No. 2273 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.