STAND. COM. REP. NO.  1071-16

Honolulu, Hawaii

                , 2016

RE:   S.B. No. 2823

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committee on Housing, to which was referred S.B. No. 2823 entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose of this measure is to set the maximum allowable salary of the Executive Director of the Hawaii Housing Finance and Development Corporation at an amount not to exceed the salary of the Director of Business, Economic Development, and Tourism and to require the Corporation to report any salary adjustments of the Executive Director to the Legislature.

The Department of Business, Economic Development, and Tourism and Hawaii Housing Finance and Development Corporation testified in support of this measure.

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2823 and recommends that it pass Second Reading and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Housing,

____________________________

MARK J. HASHEM, Chair