STAND. COM. REP. NO. 148
Honolulu, Hawaii
, 2005
RE: H.B. No. 558
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 H.B. No. 558 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 increasing the spending ceiling of the State Risk Management Revolving Fund by $25,000,000 to $35,450,000, and appropriating an unspecified amount of funds.
UH and the Department of Accounting and General Services testified in support of this bill.
Your Committee respectfully requests that the Committee on Finance:
(1) Study the possibility of using the State's Rainy Day Fund or Hurricane Relief Fund as alternate sources to help UH pay for its losses, due to the nature of the damage to UH from torrential rains and flooding; and
(2) Determine the cost of insurance to cover UH for related matters.
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 H.B. No. 558 and recommends that it pass Second Reading 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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