STAND. COM. REP. NO.  1633-14

Honolulu, Hawaii

                , 2014

RE:   S.B. No. 3066

      S.D. 2

      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 S.B. No. 3066, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE PUBLIC-PRIVATE FINANCE INITIATIVE,"

begs leave to report as follows:

The purpose of this measure is to create a means and process to use the skills and assets of both the public and private sectors to deliver services and facilities for the economic, environmental, and social benefit of the people of Hawaii by establishing a public-private finance initiative to identify a suitable project to be undertaken by the public-private finance initiative, conduct appropriate analyses of the project, enter into public-private partnership agreements, and provide leadership for the project.

Several individuals supported this measure.  The Department of Budget and Finance; Department of Business, Economic Development, and Tourism; Department of Accounting and General Services; State Procurement Office; and Hawaii Government Employees Association, AFSCME Local 152, AFL-CIO 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 S.B. No. 3066, S.D. 2, 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