STAND. COM. REP. NO.  1598

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 Finance, to which was referred S.B. No. 1146, S.D. 1, H.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, while 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.

The University of Hawaii provided testimony in support of 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. 1146, S.D. 1, 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