STAND. COM. REP. NO. 1033

Honolulu, Hawaii

, 2019

RE: H.B. No. 1408

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1408, H.D. 1, entitled:

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

begs leave to report as follows:

The purpose of this measure is to establish additional operating budget amounts for the fiscal biennium beginning July 1, 2019, and ending June 30, 2021, for the Hawaii Housing Finance and Development Corporation.

The Hawaii Housing Finance and Development Corporation 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 H.B. No. 1408, 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