STAND. COM. REP. NO.  852-14

Honolulu, Hawaii

                , 2014

RE:   H.B. No. 2188

      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. 2188 entitled:

"A BILL FOR AN ACT RELATING TO STATE FUNDS,"

begs leave to report as follows:

The purpose of this measure is to provide the Legislature with greater flexibility in directing general fund spending by eliminating unnecessary and inactive funds and programs.  Specifically, this measure:

     (1)  Repeals the Waialua Loan and Subsidy Program, the Kikala-Keokea Infrastructure Development Fund, and the Kikala-Keokea Housing Revolving Fund; and

     (2)  Deposits any residual moneys from these terminated funds and programs into the Rental Assistance Revolving Fund or the general fund.

The Department of Land and Natural Resources provided testimony in support of this measure.  The Hawaii Housing Finance and Development Corporation provided comments.

     Your Committee has amended this measure by making technical, nonsubstantive amendments for the purposes of 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. 2188, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2188, H.D. 1.

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

____________________________

SYLVIA LUKE, Chair