STAND. COM. REP. NO.  758

Honolulu, Hawaii

                , 2011

RE:   H.B. No. 1058

      H.D. 1

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. 1058 entitled:

"A BILL FOR AN ACT RELATING TO CAPITAL INVESTMENTS,"

begs leave to report as follows:

     The purpose of this bill is to allow agencies increased flexibility and resources to upgrade, improve, and replace technology as necessary by including agency-wide technology and computer systems with an estimated useful life of greater than seven years as capital investments.

     The Department of Accounting and General Services, Department of Budget and Finance, and Department of Education supported this bill.

     Your Committee has amended this bill by making technical, nonsubstantive amendments for clarity, consistency, and style.

     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. 1058, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1058, H.D. 1.

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

____________________________

MARCUS R. OSHIRO, Chair