STAND. COM. REP. NO. 2066

Honolulu, Hawaii

RE:    S.B. No. 2389

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. 2389 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 provision of Act 106, Session Laws of Hawaii 2008, to allow the University of Hawaii to continue transferring certain funds, with certain exceptions, into the University of Hawaii commercial enterprises revolving fund to finance the establishment of new commercial enterprises.

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

     Your Committee finds that this measure makes permanent the University of Hawaii's authority to use various sources of funding to establish new commercial enterprises and continue the operation of existing enterprises.  The anticipated additional revenue generated from these sources will further help to reduce the University's reliance on state funding sources.

     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 Ways and Means.

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

____________________________

JILL TOKUDA, Chair