STAND. COM. REP. NO. 2696

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  S.B. No. 2914
                                        S.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred S.B.
No. 2914, S.D. 1, entitled:

     "A BILL FOR AN ACT RELATING TO THE SPECIAL FUNDS OF THE LAND
     DIVISION,"

begs leave to report as follows:

     The purpose of this bill is to merge the industrial park
special fund into the special land and development fund.

     Specifically, this bill repeals the industrial park special
fund and broadens the purpose and revenue source of the special
land and development fund to include those of the industrial park
special fund.  Furthermore, this bill also authorizes the deposit
of conservation district fees and penalties into the special land
and development fund.

     Additionally, this measure appropriates funds out of the
special land and development fund to carry out the purposes of
the fund.

     Your Committee believes that this measure is necessary to
streamline the operational structure of state government in a
more efficient manner.


 
a                                                     SB2914 SD1
 
 
 
 
                                   STAND. COM. REP. NO. 2696
                                   Page 2


     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
2914, S.D. 1, and recommends that it pass Third Reading.

                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
a                                                     SB2914 SD1