STAND. COM. REP. 688

Honolulu, Hawaii

, 2003

RE: H.B. No. 433

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 433 entitled:

"A BILL FOR AN ACT RELATING TO STATE BONDS,"

begs leave to report as follows:

The purpose of this bill is to:

(1) Authorize the issuance of general obligation bonds to finance project appropriations for which the means of financing are designated as general obligation bond funds or reimburseable general obligation bond funds; and

(2) Make a declaration of findings with respect to these bond issuance authorizations as required by the State Constitution.

The Department of Budget and Finance submitted testimony in support of this bill.

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. 433 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair