STAND. COM. REP. NO.  1053

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 487

      H.D. 1

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. 487, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HOUSING PROGRAMS,"

begs leave to report as follows:

     The purpose of this bill is to make housekeeping amendments relating to statutory references that were affected by the split of the Housing and Community Development Corporation of Hawaii into the Hawaii Housing Finance and Development Corporation (HHFDC) and the Hawaii Public Housing Authority (HPHA).

     HHFDC testified in support of this bill.  HPHA provided comments.

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

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

____________________________

MARCUS R. OSHIRO, Chair