STAND. COM. REP. NO. 51
Honolulu, Hawaii
RE: S.B. No. 809
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 S.B. No. 809 entitled:
"A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII,"
begs leave to report as follows:
The purpose and intent of this measure is to increase the University of Hawaii's authorization to issue revenue bonds from a total principal amount not to exceed $200,000,000 to a total amount not to exceed $300,000,000.
Your Committee received testimony in support of this measure from the University of Hawai‘i System and The Pacific Resource Partnership.
Your Committee finds that increasing the University of Hawaii's authorization to issue revenue bonds by $100,000,000 will allow the University of Hawaii to complete as many of its priority capital facility construction, renovation, and repair projects as possible.
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 S.B. No. 809 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 Education,
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____________________________ JILL TOKUDA, Chair |
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