STAND. COM. REP. NO. 882
Honolulu, Hawaii
, 2005
RE: S.B. No. 575
S.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 575 entitled:
"A BILL FOR AN ACT RELATING TO THE KING KAMEHAMEHA CELEBRATION COMMISSION FUND,"
begs leave to report as follows:
The purpose of this measure is to establish the King Kamehameha celebration commission fund as a separate fund of the Hawaii Community Foundation.
Your Committee finds that the King Kamehameha parade and festivities have been a long standing tradition in Hawaii, enjoyed by both residents and tourists. This measure will assist the Kamehameha celebration commission in preserving this valuable, cultural tradition by providing a means to address its funding challenges.
Your Committee has amended the bill by:
(1) Specifying that, upon termination of the fund or dissolution of the Hawaii Community Foundation, proceeds remaining in the fund shall be dispersed appropriately;
(2) Changing its effective date to July 1, 2050, to facilitate further discussion; and
(3) Making technical, nonsubstantive amendments for the purposes of clarity and style.
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. 575, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 575, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
|
____________________________ BRIAN T. TANIGUCHI, Chair |
||