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. 2479 entitled:

begs leave to report as follows:

The purpose of this bill is to provide for much-needed parking space in Kakaako by authorizing the University of Hawaii (UH), subject to availability of funds and in consultation with the Hawaii Community Development Authority (HCDA), to enter into development agreements with private developers to expedite construction of a parking structure at Kakaako Makai, Oahu.

HCDA testified in support of this bill. UH supported the intent of this measure.

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. 2479 and recommends that it pass Third Reading.