STAND. COM. REP. NO.  890

Honolulu, Hawaii

                , 2011

RE:   H.B. No. 1020

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1020, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE ALOHA TOWER DEVELOPMENT CORPORATION,"

begs leave to report as follows:

     The purpose of this bill is to address concerns raised by the Department of Transportation (DOT) regarding, among other things, the jurisdiction of the Hawaii Community Development Authority (HCDA) and the resolution of debt and other financial issues concerning the Aloha Tower Complex by:

     (1)  Establishing the Aloha Tower Complex area under the jurisdiction of HCDA;

     (2)  Stipulating that DOT shall be responsible for the implementation of the harbors modernization plan;

     (3)  Transferring all rights, powers, functions, duties, and assets, including leases, of the Aloha Tower Development Corporation to HCDA;

     (4)  Transferring the Aloha Tower Fund to HCDA; and

     (5)  Appropriating funds out of the Aloha Tower Fund for operating expenses for the Aloha Tower Complex.

     DOT testified in supported of this measure.  The Aloha Tower Development Corporation and HCDA submitted comments.

     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 H.B. No. 1020, H.D. 2, and recommends that it pass Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair