STAND. COM. REP. NO.  1132

Honolulu, Hawaii

                , 2015

RE:   S.B. No. 1146

      S.D. 1

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

Sir:

     Your Committee on Higher Education, to which was referred S.B. No. 1146, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII ACCOUNTING AND FINANCIAL MANAGEMENT SYSTEM,"

begs leave to report as follows:

The purpose of this measure is to extend the authority of the University of Hawaii to maintain a separate accounting and financial management system.

The University of Hawaii supported the measure.

     Your Committee has amended the measure by:

     (1)  Reducing the extension of the authority of the University of Hawaii to maintain a separate accounting and financial management system from three years to one year;

     (2)  Also requiring the University of Hawaii Board of Regents to submit to the Legislature a program performance report for each fiscal quarter that shows a comparison of actual revenues and expenditures versus budgeted revenues and expenditures; and

     (3)  Changing the effective date to June 29, 2025.

     As affirmed by the record of votes of the members of your Committee on Higher Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1146, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1146, S.D. 1, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Higher Education,

____________________________

ISAAC W. CHOY, Chair