STAND. COM. REP. NO. 1678-24

Honolulu, Hawaii

, 2024

RE: H.C.R. No. 89

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.C.R. No. 89, H.D. 1, entitled:

"HOUSE CONCURRENT RESOLUTION URGING THE DIRECTOR OF FINANCE TO ADOPT ADMINISTRATIVE RULES TO DEFINE "BENEFICIAL EFFECTS TO THE STATE" IN SECTION 38-2, HAWAII REVISED STATUTES, TO INCLUDE THE FINANCING OF HOUSING,"

begs leave to report as follows:

The purpose of this measure is to urge the Director of Finance to adopt administrative rules to define “beneficial effects to the State” to include financing of housing.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 89, H.D. 1, and recommends its adoption.

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

____________________________

KYLE T. YAMASHITA, Chair