STAND. COM. REP. NO. 70

Honolulu, Hawaii

RE:    S.B. No. 1614

       S.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Madam:

     Your Committee on Transportation, International and Intergovernmental Affairs, to which was referred S.B. No. 1614 entitled:

"A BILL FOR AN ACT RELATING TO THE PASSENGER FACILITY CHARGE SPECIAL FUND,"

begs leave to report as follows:

     The purpose of this measure is to require moneys in the passenger facility charge special fund be expended for payment of debt service on revenue bonds issued for airport capital improvements, and for any purpose permitted by the Aviation Safety and Capital Expansion Act of 1990.

     Your Committee received testimony in support of this measure from the Department of Transportation and Department of Budget and Finance.  Copies of written testimony are available for review on the Legislature's website.

     Your Committee finds that this measure allows the Department of Transportation to create subaccounts within the passenger facility charge special fund to pay debt service on bonds issued to finance airport capital improvement projects, as permitted under the Aviation Safety and Capacity Expansion Act of 1990.

     Your Committee has amended this measure by changing the effective date to upon its approval.

     As affirmed by the record of votes of the members of your Committee on Transportation, International and Intergovernmental Affairs that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1614, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1614, S.D. 1, and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Transportation, International and Intergovernmental Affairs,

____________________________

J. KALANI ENGLISH, Chair