STAND. COM. REP. NO.  75

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 581

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Education, to which was referred H.B. No. 581 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR HANALANI SCHOOLS,"

begs leave to report as follows:

     The purpose of this bill is to provide a better learning environment for Hawaii's students by authorizing the issuance of special purpose revenue bonds to assist Hanalani Schools in the planning, acquisition, construction, and improvement of its facilities.

     The Hawaii Association of Independent Schools and Hanalani Schools testified in support of this bill.

     As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 581 and recommends that it pass Second Reading and be referred to the Committee on Finance.

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

____________________________

ROY TAKUMI, Chair