CONFERENCE COMMITTEE REP. NO.63

Honolulu, Hawaii

, 2001

RE: H.B. No. 1111

H.D. 1

S.D. 2

C.D. 1

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1111, H.D. 1, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR AN INTERGENERATIONAL CARE CENTER AT EWA VILLAGES,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this bill is to authorize the issuance of special purpose revenue bonds (SPRBs) of up to $25,000,000 for the Kulana Malama Intergenerational Care Center at Ewa Villages.

Your Committee on Conference has amended this bill by deleting its contents and substituting the substance of H.B. No. 1111, H.D. 1. Specifically, this bill has been amended to:

(1) Simplify the explanation dealing with refunding of SPRBs;

(2) Removes the extension of the sunset provision in Section 39A-52, Hawaii Revised Statutes; and

(3) Makes technical, nonsubstantive amendments for purposes of clarity, style, and consistency.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1111, H.D. 1, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1111, H.D. 1, S.D. 2, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________

DAVID M. MATSUURA, Chair

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DENNIS A. ARAKAKI, Co-Chair

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COLLEEN HANABUSA, Co-Chair

____________________________

SCOTT K. SAIKI, Co-Chair