STAND. COM. REP. NO. 722-22

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 Finance, to which was referred H.B. No. 315, H.D. 1, 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 increase the cap on the amount the University of Hawaii System can expend from the University of Hawaii Tuition and Fees Special Fund for the University of Hawaii Foundation from $3,000,000 to $6,000,000.

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 University of Hawai‘i Foundation Board of Trustees. Your Committee received testimony in opposition to this measure from one individual.

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. 315, 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