STAND. COM. REP. NO.  1083

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 1931

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1931 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR PROJECTS ON THE ISLAND OF HAWAII,"

begs leave to report as follows:

     The purpose of this bill is to extend from June 30, 2007, to June 30, 2011, the date on which the authorization to issue special purpose revenue bonds to assist Hui Enekinia Hawaii is to lapse.

     Two principals of the firm Hui Enekinia Hawaii testified in support of this bill.

     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 H.B. No. 1931 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair