STAND. COM. REP. NO.  750-14

Honolulu, Hawaii

                , 2014

RE:   H.B. No. 2634

      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. 2634, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CHAPTER 171, HAWAII REVISED STATUTES,"

begs leave to report as follows:

The purpose of this measure is to expand the authorization granted by the Board of Land and Natural Resources to extend the rental period of a lease of public lands for commercial and industrial uses, in addition to hotel and resort uses, upon Board approval of the development agreement to make substantial improvements to the leased premises or existing improvements.  

A concerned individual testified in support of this measure.  The Department of Land and Natural Resources testified in opposition to this measure.  The Office of Hawaiian Affairs commented 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. 2634, 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