STAND. COM. REP. NO. 1099

Honolulu, Hawaii

, 2025

RE: H.B. No. 960

H.D. 1

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2025

State of Hawaii

Madame:

Your Committee on Finance, to which was referred H.B. No. 960, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TRANSPORTATION,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Amend the maximum value of capital advancement contracts that may be executed by the Department of Transportation without legislative approval;

(2) Repeal the requirement for the Department of Transportation to obtain legislative approval through a concurrent resolution for capital advancement contracts greater than $2,000,000;

(3) Amend the total aggregate value of capital advancement contracts that the Department of Transportation may enter into in a fiscal year; and

(4) Establish certain reporting requirements related to capital advancement contracts.

Your Committee received testimony in support of this measure from the Department of Transportation; Chamber of Commerce Hawaii; Young Brothers, LLC; Matson Navigation Company, Inc.; Hawaiʻi Island Chamber of Commerce; and two individuals.

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. 960, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

KYLE T. YAMASHITA, Chair