STAND. COM. REP. NO. 3714

Honolulu, Hawaii

RE: H.B. No. 2490

H.D. 2

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2490, H.D. 2, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CAPITAL ADVANCEMENT CONTRACTS,"

begs leave to report as follows:

The purpose and intent of this measure is to change the statutory limits on certain capital advancement contracts.

More specifically, this measure:

(1) Changes the total capital advancement contract value threshold that the Department of Transportation may execute without legislative approval;

(2) Changes the limit on the total aggregate value of certain capital advancement contracts entered into by the Department of Transportation; and

(3) Requires the Department of Transportation to submit an annual report to the Legislature.

Your Committee received written comments in support of this measure from the Department of Transportation; Hawaii Harbors Users Group; and Matson Navigation Company, Inc.

Your Committee finds that increasing the maximum limit on capital advancement contracts executed by the Department of Transportation will help the Department to more efficiently improve port facilities throughout the State.

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. 2490, H.D. 2, S.D. 1, and recommends that it pass Third Reading.

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

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DONOVAN M. DELA CRUZ, Chair