STAND. COM. REP. NO.  840-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 3140

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 3140 entitled:

"A BILL FOR AN ACT MAKING AN EMERGENCY APPROPRIATION TO THE HAWAII PUBLIC HOUSING AUTHORITY,"

begs leave to report as follows:

     The purpose of this bill is to make an emergency appropriation of $10,000,000 to the Hawaii Public Housing Authority (HPHA) to repay the Department of Budget and Finance for a loan to pay for liability insurance and payroll costs, and to address budget deficits of the federal low-rent program, State Family Public Housing Program, and State Elders Housing Program.

Pursuant to the requirements set forth in Article VII, Section 9, of the Hawaii State Constitution, the Governor, in her Governor's Message No. 239 to the Legislature, requested immediate consideration and passage of this bill by the Legislature citing an existing critical funding shortage.

     HPHA and the Office of Hawaiian Affairs 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. 3140 and recommends that it pass Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair