STAND. COM. REP. NO.  739-10

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 Higher Education, 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 the flexibility to use different sources of UH funding to finance the establishment of new commercial enterprises by repealing the sunset date for the provision that allows UH to transfer certain funds into the UH Commercial Enterprises Revolving Fund.

     UH testified in support of this bill. 

     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. 2389 and recommends that it pass Second Reading and be referred to the Committee on Finance.

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

____________________________

JERRY L. CHANG, Chair