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. 842 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the Director of Finance to issue bonds or secure loans to enable qualified zones and schools to subsidize school renovation and restoration projects, equipment and technology acquisition, curriculum development, and teacher training under the federal Working Families Tax Relief Act of 2004.

The Department of Education supported the intent of 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. 842 and recommends that it pass Second Reading and be referred to the Committee on Finance.