STAND. COM. REP. NO. 3511

Honolulu, Hawaii

RE: H.B. No. 2725

H.D. 1

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirtieth State Legislature

Regular Session of 2020

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2725, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CAPITAL IMPROVEMENT PROJECTS,"

begs leave to report as follows:

The purpose and intent of this measure is to appropriate supplemental funds for the capital costs of the Executive Branch for fiscal year (FY) 2019-2020 and FY 2020-2021

Testimony received on this measure can be found at the Legislature's website at https://www.capitol.hawaii.gov/

The Administration proposed a capital budget that totaled:

	FY 2020	FY 2021
General Obligation Bonds	$1,022,811,000	$972,450,000
All Means of Financing	$2,325,781,000	$2,624,759,000

Your Committee has amended this measure to provide the following funds:

	FY 2020	FY 2021
General Obligation Bonds	$1,001,911,000	$988,866,000
All Means of Financing	$2,302,981,000	$2,764,956,000

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 H.B. No. 2725, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2725, H.D. 1, S.D. 1, and be placed on the calendar for Third Reading.

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

________________________________

DONOVAN M. DELA CRUZ, Chair