STAND. COM. REP. NO.  737

Honolulu, Hawaii

                , 2009

RE:   H.B. No. 1046

      H.D. 1

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 H.B. No. 1046 entitled:

"A BILL FOR AN ACT RELATING TO THE SALE OF REAL PROPERTY BY THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY,"

begs leave to report as follows:

     The purpose of this bill is to provide flexibility to the Hawaii Community Development Authority (HCDA) while allowing HCDA to prudently manage its real property assets by allowing HCDA to sell, exchange, transfer, assign, or convey any real property located in the Kakaako Community Development District, with certain exceptions.

     HCDA supported this bill.  A concerned individual opposed this measure.

     Your Committee has amended this bill by changing its effective date to July 1, 2020, to encourage further discussion.

     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. 1046, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1046, H.D. 1, and be placed on the calendar for Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair