STAND. COM. REP. 2162

Honolulu, Hawaii

, 2004

RE: S.B. No. 2524

 

 

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 S.B. No. 2524 entitled:

"A BILL FOR AN ACT RELATING TO STATE FINANCES,"

begs leave to report as follows:

The purpose of this measure is to improve certain aspects of state financing.

More specifically, the bill accomplishes this by amending current law to make clarifications that relate to general obligation bonds.

Your Committee finds that clarification concerning the validation of proceedings relating to the contracting of general obligation bonded indebtedness and the issuance, sale, execution, and delivery of general obligation bonds will have a positive impact on state finances.

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. 2524 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

 

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

____________________________

BRIAN T. TANIGUCHI, Chair