STAND. COM. REP. NO.  1251-10

Honolulu, Hawaii

                , 2010

RE:   H.C.R. No. 22

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.C.R. No. 22 entitled:

"HOUSE CONCURRENT RESOLUTION APPROVING THE FEE SIMPLE SALE OF 1951 PAHOEHOE STREET, KOLOA, HAWAII,"

begs leave to report as follows:

     The purpose of this concurrent resolution is to approve the sale of certain state land pursuant to Act 176, Session Laws of Hawaii 2009.  Specifically, the Hawaii Housing and Finance Development Corporation (HHFDC) seeks to sell in fee simple a residence located at 1951 Pahoehoe Street, Koloa, Hawaii, TMK No. 4-2-8-24-14, to a qualified resident as defined in section 201H-32, Hawaii Revised Statutes.  HHFDC obtained this property through use of its rights under its deferred sales price restriction on homes developed under the expedited development process.

     The Representative of the 4^th House District, the Office of Hawaiian Affairs and a concerned individual testified in opposition. The Hawaii Housing Finance and Development Corporation testified in support of this concurrent resolution.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 22 and recommends its adoption.

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

____________________________

MARCUS R. OSHIRO, Chair