STAND. COM. REP. NO.  1176-10

Honolulu, Hawaii

                , 2010

RE:   S.B. No. 2389

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 S.B. No. 2389 entitled:

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

begs leave to report as follows:

     The purpose of this bill is to enable the University of Hawaii (UH) to retain fiscal flexibility by allowing UH to continue using different sources of funding to finance the establishment of new commercial enterprises beyond June 30, 2011.

     UH testified in support of 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. 2389 and recommends that it pass Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair