STAND. COM. REP. 173
Honolulu, Hawaii
, 2003
RE: H.B. No. 1395
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committees on Economic Development and Business Concerns and Tourism and Culture, to which was referred H.B. No. 1395 entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL FACILITY PROJECTS,"
beg leave to report as follows:
The purpose of the bill is to authorize the Hawaii Community Development Authority (HCDA) to issue special facility revenue bonds for the purpose of constructing, furnishing, and equipping an ocean science center in Kakaako by:
(1) Increasing the total amount of special facility revenue bonds that may be issued by the HCDA from $20,000,000 to $40,000,000;
(2) Extending the HCDA's authority to issue special facility revenue bonds to fiscal biennium 2003-2005; and
(3) Amending the definition of "special facility" under section 206E-181, Hawaii Revised Statutes.
The University of Hawaii and HCDA testified in support of the bill.
As affirmed by the records of votes of the members of your Committees on Economic Development and Business Concerns and Tourism and Culture that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1395 and recommend that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committees on Economic Development and Business Concerns and Tourism and Culture,
____________________________ JERRY L. CHANG, Chair |
____________________________ BRIAN SCHATZ, Chair |
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