STAND. COM. REP. 3528

Honolulu, Hawaii

, 2004

RE: H.B. No. 2181

H.D. 2

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2181, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO HOUSING FINANCING PROGRAMS,"

begs leave to report as follows:

The purpose of this measure is to allow the Housing and Community Development Corporation of Hawaii to provide housing for active or retired military personnel.

Specifically, the bill allows the Corporation to issue bonds for any program whose primary purpose is to provide housing for active or retired United States military personnel, their families, and other authorized persons. The bill also caps the bond issuance at $2,000,000,000.

Your Committee finds that the armed forces continue to play a critical role in protecting and securing our State against terrorism and other security threats. This bill recognizes their contributions to the State by ensuring that adequate housing will be provided for active and retired military personnel and their families.

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 H.B. No. 2181, H.D. 2, and recommends that it pass Third Reading.

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

____________________________

BRIAN T. TANIGUCHI, Chair