STAND. COM. REP. NO. 2747

Honolulu, Hawaii

RE:    S.B. No. 2425

       S.D. 1

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 2425 entitled:

"A BILL FOR AN ACT RELATING TO HAWAII 3R'S,"

begs leave to report as follows:

     The purpose and intent of this measure is to rename and restructure the uses and financing of the Hawaii 3R's school repair and maintenance fund.

     More specifically, the measure:

     (1)  Renames the Hawaii 3R's school repair and maintenance fund as the Hawaii 3R's school improvement fund;

     (2)  Authorizes use of moneys in the fund for school-level improvements; and

     (3)  Requires the transfer of certain moneys to the fund.

     Your Committee received written comments in support of this measure from the Hawaiian Electric Company.

     Your Committee finds that expanding the authorized use of the fund to include school-level improvements, and requiring the transfer of certain moneys to the fund, will clarify and expand the purpose of the fund and facilitate greater improvements to public schools.

     Your Committee has amended this measure by:

     (1)  Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

     (2)  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 Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2425, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2425, S.D. 1.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair