Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1635, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to increase the amount of money deposited into the state educational facilities improvement special fund.

Your Committee finds that this measure increases the amount of general excise tax revenues that are deposited into the state education facilities improvement special fund for public school capital improvement program needs, bond-funded repair and maintenance projects, and cash-funded repair and maintenance projects.

Your Committee has amended this measure by changing the amounts of the increases to unspecified amounts to facilitate further discussion on this matter and by making technical nonsubstantive changes for clarity and consistency.

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 S.B. No. 1635, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1635, S.D. 2.