STAND. COM. REP. NO. 1992-22

Honolulu, Hawaii

, 2022

RE: S.B. No. 2081

S.D. 2

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 S.B. No. 2081, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE DEPARTMENT OF EDUCATION COMMERCIAL ENTERPRISES REVOLVING FUND,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Establish the Department of Education Commercial Enterprises Revolving Fund to accept the deposit of revenues from commercial enterprise operation programs undertaken by the Department of Education; and

(2) Authorize the Department of Education to expend revenues from the Revolving Fund to support the operations of the commercial enterprises.

Your Committee received testimony in support of this measure from the Department of Education and Chamber of Commerce Hawaii. Your Committee received comments on this measure from the Department of Budget and Finance.

Your Committee has amended this measure by changing its effective date to July 1, 2022.

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 S.B. No. 2081, S.D. 2, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2081, S.D. 2, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair