STAND. COM. REP. NO. 3262

Honolulu, Hawaii

RE:    S.C.R. No. 10

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred S.C.R. No. 10 entitled:

"SENATE CONCURRENT RESOLUTION APPROVING THE SALE OF THE LEASED FEE INTEREST IN 41-648 INOAOLE STREET, WAIMANALO, HAWAII,"

begs leave to report as follows:

     The purpose and intent of this measure is to provide legislative approval for the sale of the leased fee interest in the property located at 41-648 Inoaole Street, Waimanalo, Hawaii.

     Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism and the Hawaii Housing and Finance Development Corporation.

     Your Committee received comments on this measure from the Office of Hawaiian Affairs.

     Your Committee finds that section 171-64.7, Hawaii Revised Statutes, requires legislative approval of the sale of certain lands.  The Hawaii Housing Finance and Development Corporation desires to sell the leased fee interest in a parcel of land located at 41-648 Inoaole Street, Waimanalo, Hawaii.  The property comprises a single-family home, which was built in 1975 as part of the Hale Aupuni affordable for-sale development, and 4,024 square feet of land.  Your Committee finds that the proposed sale meets the statutory requirements and that proceeds from the sale will be deposited into the dwelling unit revolving fund, which will support the development and construction of additional affordable housing units.

     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 concurs with the intent and purpose of S.C.R. No. 10 and recommends its adoption.

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

________________________________

JILL N. TOKUDA, Chair