Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2669, H.D. 1, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to assist the Hawaii Convention Center to remain fiscally responsible.

Specifically, this bill increases the cap on the deposit of transient accommodations tax revenues into the convention center enterprise special fund from $31,000,000 to $36,000,000.

Your Committee believes that increasing the deposit of transient accommodations tax revenues into the convention center enterprise special fund will help to ensure that the Hawaii Convention Center remains fiscally responsible.

Upon further consideration, your Committee has amended this measure to:

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2669, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2669, H.D. 1, S.D. 2.