STAND. COM. REP. NO.  360

Honolulu, Hawaii

                , 2011

RE:   H.B. No. 1603

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Higher Education, to which was referred H.B. No. 1603 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 provide the University of Hawaii (UH) with the additional financial flexibility it needs to continue to improve and maintain its facilities by authorizing UH to issue an additional $100,000,000 in revenue bonds.

     UH supported 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 H.B. No. 1603 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,

____________________________

SCOTT NISHIMOTO, Chair