STAND. COM. REP. NO.  740-14

Honolulu, Hawaii

                , 2014

RE:   H.B. No. 1491

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1491, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE BUDGET,"

begs leave to report as follows:

The purpose of this measure is to further the public good and ensure the efficient and effective management of the public funds entrusted to the University of Hawaii by:

     (1)  Expanding the Department of Budget and Finance's authority to modify and withhold the University of Hawaii's planned expenditures; and

     (2)  Requiring the University of Hawaii to obtain legislative authorization prior to any appropriation transfers or changes between programs or agencies.

An individual provided testimony in support of this measure.  The University of Hawaii provided testimony in opposition to this measure.  The Department of Budget and Finance provided comments on this measure.

     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. 1491, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair