STAND. COM. REP. NO. 2463

Honolulu, Hawaii

RE:    S.B. No. 2385

       S.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 2385 entitled:

"A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII,"

begs leave to report as follows:

     The purpose of this measure is to repeal the sunset date of the provision authorizing the University of Hawai‘i's fiscal autonomy.

The measure also:

     (1)  Removes the time limit that the University of Hawai‘i has to install a different accounting system;

     (2)  Permanently extends the Comptroller's authority to request the University of Hawai‘i to provide information for the preparation of income and expenditure statements;

     (3)  Extends the University of Hawai‘i's authority to submit proposed new forms or changes to forms for review and approval with respect to uniform business and accounting forms;

     (4)  Authorizes the University of Hawai‘i's chief financial officer's to approve assignment of moneys to assignees; and

     (6)  Permanently extends the requirement that the University of Hawai‘i report to the Comptroller transactions involving moneys held outside of the state treasury by the University of Hawai‘i.

     Your Committee received written comments in support of this measure from the University of Hawai‘i.  Written comments may be reviewed on the Legislature's website.

     Your Committee finds that this measure will permanently extend the University of Hawaii's fiscal flexibility and allow the University to efficiently administer its financial operations.

     Your Committee has amended this measure by making technical, nonsubstantive amendments for the purposes of clarity and style.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2385, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2385, S.D. 1.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DONNA MERCADO KIM, Chair