STAND. COM. REP. NO. 2371

Honolulu, Hawaii

RE: S.B. No. 3280

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Education, to which was referred S.B. No. 3280 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST SAINT JOSEPH SCHOOL,"

begs leave to report as follows:

The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds to assist Saint Joseph School in planning, designing, constructing, reconstructing, renovating, acquiring, equipping, and improving educational facilities.

Your Committee received testimony in support of this measure from Saint Joseph High School and Cardinal Legacy Foundation. Your Committee received comments on this measure from the Department of Budget and Finance.

Your Committee finds that Saint Joseph School was founded in 1869 and is the only parochial school on Hawaii island. Your Committee further finds that enrollment at the school has increased and a number of campus improvements are underway. However, additional funding is necessary to help build a stronger learning environment for students and the surrounding community.

Accordingly, your Committee finds that this measure is in the public interest and will help Saint Joseph School construct a multipurpose gymnasium for both school and community events through the issuance of special purpose revenue bonds.

As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3280 and recommends that it pass Second Reading and be referred to your Committee on Ways and Means.

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

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MICHELLE N. KIDANI, Chair