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 S.B. No. 2718, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to establish a cap on the total financial contribution that a nonprofit organization is required to contribute to a new century conversion charter school each year.

Waimea Middle School and Hookakoo Corporation testified in support of this bill. The Charter School Administrative Office supported the intent of this measure.

Your Committee has amended this bill by:

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2718, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2718, S.D. 1, H.D. 1.