STAND. COM. REP. NO.  860-14

Honolulu, Hawaii

                , 2014

RE:   H.B. No. 2101

      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. 2101 entitled:

"A BILL FOR AN ACT RELATING TO THE KAHO‘OLAWE ISLAND RESERVE,"

begs leave to report as follows:

The purpose of this measure is to authorize the deposit of a portion of state conveyance tax revenues into the Kaho‘olawe Rehabilitation Trust Fund for the long-term rehabilitation of Kaho‘olawe and maintenance of the Kaho‘olawe Island Reserve.

The Office of Hawaiian Affairs, a County of Maui Councilmember, County of Maui Department of Planning, Hawaiian Affairs Caucus of the Democratic Party of Hawaii, Protect Kaho‘olawe Ohana, Kaho‘olawe Island Reserve Commission, and numerous concerned individuals testified in support of this measure.  The Department of Land and Natural Resources and Tax Foundation of Hawaii commented on this measure.

     Your Committee has amended this measure by:

     (1)  Changing the percentage and cap amount of the conveyance tax revenue deposited into the Kaho‘olawe Rehabilitation Trust Fund to unspecified amounts;

     (2)  Changing the effective date to July 1, 2030; and

     (3)  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. 2101, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2101, H.D. 1.

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

____________________________

SYLVIA LUKE, Chair