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. 2935 entitled:

begs leave to report as follows:

The purpose of this measure is to authorize the Director of Finance to issue general obligation bonds in the sum of $1,000,000 for the purpose of constructing facilities in Kapolei to accommodate the provision of services to the Department of Hawaiian Home Lands' Kapolei residential project.

Your Committee finds that the Department of Hawaiian Home Lands has issued a thirty year lease to the Association of Hawaiian Civic Clubs, with the latter providing certain services and activities for the Department's Kapolei residential project. The proceeds from the bond issue will be applied for the construction of a facility to allow for the provision of these services.

Your Committee has amended this measure by:

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. 2935, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2935, S.D. 1.