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 |
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