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. 3051, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to allow the counties to change their fiscal year to a period other than July 1 to June 30.

Your Committee finds that, under existing law, the counties are required to begin their fiscal year on July 1 of each year and end it on June 30 of the following year. This schedule coincides with the State's fiscal year.

Your Committee finds that the counties may want the flexibility to determine when their fiscal year begins and ends.

Your Committee has amended the measure by making technical, nonsubstantive amendments for the purposes of clarity and to correct a typographical error.

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. 3051, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 3051, S.D. 2.