STAND. COM. REP. NO. 328-22

Honolulu, Hawaii

, 2022

RE: H.B. No. 315

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Higher Education & Technology, to which was referred H.B. No. 315 entitled:

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

begs leave to report as follows:

The purpose of this measure is to remove the $3,000,000 cap on the amount the University of Hawaii System can expend from the University of Hawaii Tuition and Fees Special Fund (Special Fund) for the University of Hawaii Foundation.

Your Committee received testimony in support of this measure from the University of Hawai‘i System, University of Hawai‘i Foundation, University of Hawai‘i Alumni Association, and three individuals.

Your Committee finds that removing or increasing the cap on the amount of Special Fund monies the University of Hawaii can use for the University of Hawaii Foundation would allow the University to diversify its funding streams, particularly to ensure sustainable funding that is not affected by fiscal fluctuations in the local economy.

Your Committee has amended this measure by:

(1) Raising, rather than eliminating, the cap to $6,000,000;

(2) Changing its effective date to July 1, 2050, to encourage further discussion; and

(3) Making a technical, nonsubstantive amendment for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Higher Education & Technology that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 315, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 315, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Higher Education & Technology,

____________________________

GREGG TAKAYAMA, Chair