Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2476, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to place greater controls on the sale or exchange of certain state lands.

Specifically, the bill requires that the sale or exchange of any land that the Agribusiness Development Corporation, High Technology Development Corporation, and the Hawaii Public Housing Administration, the latter as of July 1, 2006, hold title to is subject to the approval of the Legislature by a concurrent resolution passed by a majority vote of both the Senate and the House of Representatives.

This measure further requires the approval of the Legislature by concurrent resolution passed by a majority vote of both the Senate and the House of Representatives for any sale, exchange, lease, or similar disposition of land to which the Hawaii Community Development Authority and the University of Hawaii hold title.

Your Committee has amended this measure by making technical nonsubstantive changes for style 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. 2476, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2476, S.D. 2.