STAND. COM. REP. NO.  1629

Honolulu, Hawaii

                , 2009

RE:   S.B. No. 39

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 39 entitled:

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

begs leave to report as follows:

     The purpose of this bill is to ensure fiscal transparency and accountability by requiring the University of Hawaii (UH) to report semi-annually to the Legislature on the moneys in the Hawaii Cancer Research Special Fund, including deposits, expenditures, and other transactions.

     The UH System, High Technology Development Corporation, and American Cancer Society Hawaii Pacific, Inc., supported 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 S.B. No. 39 and recommends that it pass Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair