STAND. COM. REP. NO. 2038

Honolulu, Hawaii

RE:    S.B. No. 2385

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Madam:

     Your Committee on Higher Education, 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:

     (1)  Extend the University of Hawai‘i's fiscal autonomy from the Comptroller beyond June 30, 2011;

     (2)  Remove the time limit on the authority of the University of Hawai‘i to install a different accounting system;

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

     (4)  With respect to uniform business and accounting forms only, extend the University of Hawai‘i's authority to submit proposed new forms or changes to forms for review and approval;

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

     (6)  Extend beyond June 30, 2011, the requirement for the University of Hawai‘i to report to the Comptroller transactions involving moneys held outside of the state treasury by the University of Hawai‘i.

     Testimony in support of this measure was submitted by the University of Hawai‘i System.  Written testimony presented to the Committee may be reviewed on the Legislature's website.

     Your Committee finds that this measure extends the University of Hawai‘i's fiscal flexibility to facilitate the efficient financial administration of the University of Hawai‘i.

     As affirmed by the record of votes of the members of your Committee on Higher Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2385 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Higher Education,

____________________________

JILL TOKUDA, Chair