STAND. COM. REP. NO.2387
RE: S.B. No. 3050
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Education, to which was referred S.B. No. 3050 entitled:
"A BILL FOR AN ACT RELATING TO BONDS,"
begs leave to report as follows:
The purpose of this measure is to authorize the issuance of revenue bonds to provide private housing for students and faculty, and business and entertainment services at all University of Hawaii campuses, including West Oahu.
Testimony supporting this measure was received from the University of Hawaii Professional Assembly and Mikimiki Corporation. Comments on this measure were received from the Department of Budget and Finance and the University of Hawaii.
Your Committee finds that enrollment at the University of Hawaii is growing. In order to successfully accommodate the expanding needs of the University of Hawaii, additional private housing is necessary. This not only increases the capacity at the University of Hawaii but also creates a "village campus atmosphere" that will enhance the learning experience.
Your Committee has amended this measure by specifying that the Board of Regents is the entity authorized to issue the revenue bonds under chapter 306, Hawaii Revised Statutes.
As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3050, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 3050, S.D. 1, and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Education,
NORMAN SAKAMOTO, Chair