STAND. COM. REP. NO.686

Honolulu, Hawaii

, 2003

RE: S.B. No. 1183

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1183 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR ST. PATRICK SCHOOL,"

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist St. Patrick School in financing and refinancing the planning, acquisition, construction, and improvement of its educational facilities.

Your Committee finds that the issuance of special purpose revenue bonds for St. Patrick School is in the public interest and consistent with the State's strong commitment to providing a quality education for all of Hawaii's schoolchildren. Your Committee believes that every child should have the opportunity to excel in the best and most appropriate learning environment. Your Committee finds that this measure will allow St. Patrick School to improve its campus facilities for the betterment of its students and the community at-large without diverting any funds from Hawaii's public schools.

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 S.B. No. 1183 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