STAND. COM. REP. NO. 1509-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.R. No. 165
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

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

     "HOUSE RESOLUTION REQUESTING THE HOUSING AND COMMUNITY
     DEVELOPMENT CORPORATION OF HAWAII TO EXPLORE HOME OWNERSHIP
     OPTIONS AT THE STATE-OWNED AND OPERATED PALOLO HOMES I AND
     II AND OTHER STATE-OWNED AND OPERATED HOUSING PROJECTS,"

begs leave to report as follows:

     The purpose of this resolution is to request the Housing and
Community Development Corporation of Hawaii (Corporation) to
explore home ownership options at the state-owned and operated
Palolo Homes I and II and other state-owned and operated housing
projects.

     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.R. No. 165,
H.D. 1, and recommends its adoption.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair