STAND. COM. REP. NO. 966
Honolulu, Hawaii
RE: H.B. No. 1313
H.D. 2
S.D. 1
Honorable Shan S. Tsutsui
President of the Senate
Twenty-Sixth State Legislature
Regular Session of 2011
State of Hawaii
Sir:
Your Committee on Education, to which was referred H.B. No. 1313, H.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST WINDWARD NAZARENE ACADEMY,"
begs leave to report as follows:
The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds in an unspecified amount for Windward Nazarene Academy to finance the planning, construction, improvement, equipping, and renovation of its educational facilities.
Your Committee received testimony in support of this measure from the Hawaii Association of Independent Schools; Windward Nazarene Academy; King Windward Nissan; Bay View Mini-Putt, LLC; Together Everyone Achieves Miracles; and two individuals. Your Committee received testimony in opposition to this measure from one individual.
Your Committee finds that the issuance of special purpose revenue bonds for Windward Nazarene Academy is in the public interest.
Your Committee has amended this measure by:
(1) Authorizing the issuance of special purpose revenue bonds in a total amount not to exceed $15,000,000;
(2) Changing the effective date from July 1, 2030, to July 1, 2011; and
(3) Making technical, nonsubstantive amendments for the purposes of clarity and consistency.
As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1313, H.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1313, H.D. 2, S.D. 1, and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Education,
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____________________________ JILL TOKUDA, Chair |