Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 1229
                                     S.D. 1
                                     H.D. 3

Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii


     Your Committee on Finance, to which was referred S.B. No.
1229, S.D. 1, H.D. 2, entitled: 


begs leave to report as follows:

     The purpose of this bill is to assist Hawaii's homeless
obtain and retain permanent housing by:

     (1)  Creating the Special Fund for Homeless Assistance
          (Special Fund);

     (2)  Amending the conveyance tax law to allow 25 percent of
          conveyance tax revenues to be paid into the Special
          Fund; and

     (3)  Appropriating funds for capital improvements to Barbers
          Point and for homeless assistance.

     The United Public Workers, the Institute for Human Services,
the Health Care for the Homeless Project, Gregory House Programs,
Hawaii Catholic Conference, Catholic Charities Elderly Services,
the Affordable Housing and Homeless Alliance, and many
individuals testified in support of this measure.

     The Housing and Community Development Corporation, the
Barbers Point Naval Air Station Redevelopment Commission, the Tax

                                 STAND. COM. REP. NO. 1834
                                 Page 2

Foundation of Hawaii, and the Departments of Budget and Finance
and Taxation commented on this measure.
     Your Committee has amended this measure by:

     (1)  Allocating an unspecified percentage of the conveyance
          tax revenues to the Special Fund; and

     (2)  Changing from 25 percent to an unspecified percentage
          the amount of the conveyance tax revenues allocated to
          the Rental Housing Trust Fund and the Natural Area
          Reserve Fund; and

     (3)  Making technical, nonsubstantive amendments for clarity
          and style.

     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 S.B. No.
1229, S.D. 1, H.D. 2, as amended herein, and recommends that it
pass Third Reading in the form attached hereto as S.B. No. 1229,
S.D. 1, H.D. 3.

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

                                   DWIGHT Y. TAKAMINE, Chair