STAND. COM. REP. NO.458-02
RE: H.B. No. 2718
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Finance, to which was referred H.B. No. 2718 entitled:
"A BILL FOR AN ACT RELATING TO GENERAL OBLIGATION BONDS FOR THE UNIVERSITY OF HAWAII,"
begs leave to report as follows:
The purpose of this bill is to authorize the issuance of reimbursable general obligation bonds in the amount of $100,000,000, and appropriate this sum to the University of Hawaii (UH) to finance the improvement of physical facilities at UH.
UH submitted comments on this measure.
Your Committee has amended this bill by:
(1) Providing that UH shall reimburse the general fund from its various special and revolving funds, as determined by UH; and
(2) Making technical, nonsubstantive amendments 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 H.B. No. 2718, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2718, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
DWIGHT Y. TAKAMINE, Chair