HOUSE OF REPRESENTATIVES

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2006

COMMITTEE ON FINANCE

Rep. Dwight Y. Takamine, Chair

Rep. Bertha C. Kawakami, Vice Chair

Rep. Mele Carroll	Rep. Clift Tsuji
Rep. Pono Chong	Rep. Glenn Wakai
Rep. Cindy Evans	Rep. Ryan I. Yamane
Rep. Marilyn B. Lee	Rep. Kyle T. Yamashita
Rep. Michael Y. Magaoay	Rep. Colleen Rose Meyer
Rep. Bob Nakasone	Rep. Mark S. Moses
Rep. Scott Y. Nishimoto	Rep. Kymberly Pine
Rep. Kameo Tanaka	Rep. Anne V. Stevens

NOTICE OF HEARING

DATE:	THURSDAY, March 30, 2006
TIME:	5:45 P.M.
PLACE:	Conference Room 308 State Capitol 415 South Beretania Street

A G E N D A # 4

SB 2063 (SSCR2589)	RELATING TO STATE BONDS. Authorizes issuance of general obligation bonds. Makes findings required by Article XII, section 13 of state constitution to declare that issuance of authorized bonds will not cause debt limit to be exceeded.	FIN
SB 2382 SD2 (SSCR2706)	RELATING TO TAXATION. Specifies that a vendor will only be paid when measurable increases in revenues resulting from the initiatives are collected by the State. Creates an integrated tax information management systems special fund to hold the proceeds from the initiatives, to be used in part to enhance the DOTAX computer system, the integrated tax information management system.	FIN
SB 2237 SD1 (SSCR2796)	RELATING TO STATE RISK MANAGEMENT. Authorizes the Comptroller to exercise discretion to deposit money received from the settlement of claims or losses of the State into an affected agency's account instead of the State risk Management Revolving Fund.	FIN
SB 3051 SD2 (SSCR2720)	RELATING TO COUNTY FISCAL ADMINISTRATION. Allows counties to change their fiscal year to a period other than 7/1 to 6/30.	FIN
SB 2901 (HSCR1096-06)	RELATING TO HIGHWAY IMPACT FEES. Removes the restriction that allows only counties with a population of greater than 500,000 to impose highway impact fees.	TRN, FIN
SB 2570 SD2, HD1 (HSCR1019-06)	RELATING TO DIGITAL MEDIA. Temporarily replaces the motion picture and film production tax credit with the motion picture, digital media, and film production tax credit which provides an income tax credit amounting to 15% of qualified production costs incurred, in any county of Hawaii with a population over 700,000, and 20% in any county of Hawaii with a population under 700,000. Establishes criteria to qualify for the tax credit. Caps credit at $8,000,000 per production.	TAC, FIN
SB 3111 SD1 (SSCR2712)	ESTABLISHING A COMMISSION TO RECOGNIZE AND HONOR CONGRESSWOMAN PATSY T. MINK. Establishes a commission to recognize and honor Congresswoman Patsy T. Mink. Appropriates funds.	FIN

DECISION MAKING TO FOLLOW

PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 COPIES OF THEIR TESTIMONY AT LEAST 24 HOURS PRIOR TO THE HEARING TO: (1) THE COMMITTEE CHAIR IN ROOM 306, STATE CAPITOL, OR (2) THE HOUSE SGT.-AT-ARMS TESTIMONY DROP OFF BOX IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT. TESTIMONY MAY ALSO BE FAXED IF LESS THAN 5 PAGES IN LENGTH TO THE HOUSE SGT.-AT-ARMS OFFICE AT: 586-6501 (OAHU) OR 1-800-535-3859 (NEIGHBOR ISLANDS). WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES THAT IS NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET. FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE STAFF AT 586-6200.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER, WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE COMMITTEE CLERK AT LEAST 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.

SELECTED HEARINGS ARE BROADCAST LIVE ON "O`LELO COMMUNITY TELEVISION" (CHANNELS 52, 53, AND 54). CHECK THE CURRENT LEGISLATIVE BROADCAST SCHEDULE THROUGH THEIR WEB SITE AT WWW.CAPITOLTV.ORG FOR A LISTING.

		________________________________________ Rep. Dwight Takamine Chair