STAND. COM. REP. NO. 1416-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2575
                                     S.D. 2
                                     H.D. 2




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 S.B. No.
2575, S.D. 2, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII
     FACILITIES IMPROVEMENTS SPECIAL FUND,"

begs leave to report as follows:

     The purpose of this bill is to establish the University of
Hawaii (UH) Facilities Improvements Special Fund to be used for
the repairs and maintenance of UH facilities.

     UH and the Hawaii Association of Realtors supported this
bill.  The Department of Budget and Finance supported the intent
of this bill.  Tax Foundation of Hawaii commented on this bill.

     Your Committee has amended this bill by making technical,
nonsubstantive changes for purposes of style and clarity.

     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.
2575, S.D. 2, H.D. 1, as amended herein, and recommends that it
pass Third Reading in the form attached hereto as S.B. No. 2575,
S.D. 2, H.D. 2.


 
 
 
 
 
                                 STAND. COM. REP. NO. 1416-00
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair