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. 2984, S.D. 1, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to assist displaced Kalapana residents by appropriating funds to the Kikala-Keokea Housing Revolving Fund to provide low-interest loans for these former residents to rebuild their homes in the Kikala-Keokea homestead area.

The Office of Hawaiian Affairs and Hawaii County Economic Opportunity Council testified in support of this bill. The Housing and Community Development Corporation of Hawaii supported the intent of this measure.

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. 2984, S.D. 1, H.D. 1, and recommends that it pass Third Reading.