CONFERENCE COMMITTEE REP. NO. 104

Honolulu, Hawaii

                 , 2007

RE:    S.B. No. 1372

       S.D. 1

       H.D. 1

       C.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Madam and Sir:

     Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 1372, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE MANAGEMENT OF FINANCING AGREEMENTS,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

     The purpose of this bill is to allow state departments and agencies, with the approval of the Department of Budget and Finance, to enter directly into financing agreements to finance the construction of facilities and to lease or purchase equipment.

     Your Committee finds that allowing other departments and agencies to directly enter into financing agreements will effectively achieve a balance between increased government efficiency and continued oversight over the agreements by the Department of Budget and Finance.

     Your Committee has amended this measure by making several technical amendments for the purposes of clarity and style and by changing the effective date from July 1, 2020, to upon approval.

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 1372, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 1372, S.D. 1, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________ MARCUS R. OSHIRO, Chair

____________________________ ROSALYN H. BAKER, Chair