STAND. COM. REP. NO. 957-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 2005

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2005, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO UNIVERSITY OF HAWAII REVENUE BONDS,"

begs leave to report as follows:

The purpose of this measure is to help address the University of Hawaii's deferred maintenance and capital modernization of its aging facilities by authorizing the Board of Regents to issue revenue bonds to finance the construction and maintenance of qualifying capital improvement projects.

The Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii, University of Hawai‘i Student Caucus, and University of Hawaii Alumni Association supported this measure. The University of Hawaii provided comments.

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 H.B. No. 2005, 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