STAND. COM. REP. NO. 324
Honolulu, Hawaii
, 2005
RE: H.B. No. 800
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Education, to which was referred H.B. No. 800 entitled:
"A BILL FOR AN ACT RELATING TO SCHOOLS,"
begs leave to report as follows:
The purpose of this bill is to:
(1) Establish a pilot project for the financing and construction of public school facilities through public-private partnerships;
(2) Specify that certificates of participation for new school construction will not be paid out of the Department of Education's (DOE) operating budget; and
(3) Establish the public school facility financing agreement special fund to finance new schools when new school construction is not fully funded.
DOE testified in support of this bill with reservations. The Department of Taxation opposed this measure.
As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 800 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 Education,
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____________________________ ROY TAKUMI, Chair |
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