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.C.R. No. 223 entitled:

begs leave to report as follows:

The purpose of this measure is to request the Auditor to conduct an audit to determine whether funds allocated from the Hawaii Tobacco Settlement Special Fund to the University Revenue-Undertakings Fund have been appropriately expended.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 223 and recommends its adoption.