STAND. COM. REP. NO. 2930

Honolulu, Hawaii

RE: S.B. No. 2833

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2833, S.D. 1, entitled:

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

begs leave to report as follows:

The purpose and intent of this measure is to authorize the University of Hawaii to issue $100,000,000 in revenue bonds to finance the costs of construction or the costs of maintenance and modernization, or both, of any university project.

Your Committee received written comments in support of this measure from the University of Hawaii System and OCC Legislative Priorities Committee, Democratic Party of Hawaii.

Your Committee finds that the authorization provided by this measure will help the University of Hawaii complete a number of its priority capital facility construction, renovation, modernization, and repair projects.

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 is in accord with the intent and purpose of S.B. No. 2833, S.D. 1, and recommends that it pass Third Reading.

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

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DONOVAN M. DELA CRUZ, Chair