CONFERENCE COMMITTEE REP. NO. 15

Honolulu, Hawaii

                 , 2009

RE:    H.B. No. 1045

       H.D. 1

       S.D. 2

       C.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir and Madam:

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1045, H.D. 1, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"

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 make necessary housekeeping amendments to Chapter 201H, Hawaii Revised Statutes.  Specifically, this bill:

     (1)  Authorizes the Hawaii Housing Finance and Development Corporation (HHFDC) to modify terms, plans, specifications, and other matters relating to projects previously approved by HHFDC;

     (2)  Authorizes HHFDC to establish and collect fees for certain administrative expenses incurred by HHFDC; and

     (3)  Makes other technical, nonsubstantive changes to conform  to the statutorily defined terms.

     Your Committee on Conference has amended this bill by changing the effective date to July 1, 2009.

     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 H.B. No. 1045, H.D. 1, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1045, H.D. 1, S.D. 2, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ NORMAN SAKAMOTO, Chair	____________________________ RIDA CABANILLA, Co-Chair
____________________________ SHAN S. TSUTSUI, Co-Chair	____________________________ ROLAND D. SAGUM III, Co-Chair