STAND. COM. REP. NO. 2580

Honolulu, Hawaii

RE:    S.B. No. 2673

       S.D. 2

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 2673, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE CANCER RESEARCH SPECIAL FUND,"

begs leave to report as follows:

     The purpose of this measure is to ensure the continuation of cancer research in Hawaii by increasing the sources of revenue available to support the Cancer Research Center of Hawaii.

     More specifically, this measure authorizes the University of Hawaii to deposit to the Hawaii cancer research special fund all fees, charges, and other moneys received in conjunction with the Cancer Research Center of Hawaii programs or through transfers from other accounts or funds.  The measure also allows moneys deposited into the fund to be used by the Cancer Research Center of Hawaii for capital expenditures.

     Testimony in support of this measure was received from the University of Hawaii.  The Tax Foundation of Hawaii submitted comments.

     Your Committee has amended this measure by making technical nonsubstantive amendments for the purpose of clarity.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2673, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2673, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

ROSALYN H. BAKER, Chair