STAND. COM. REP. NO. 958

Honolulu, Hawaii

, 2005

RE: H.B. No. 471

H.D. 2

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 471, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII TOURISM AUTHORITY,"

begs leave to report as follows:

The purpose of this bill is to improve management of the Hawaii Tourism Authority (HTA) by:

(1) Clarifying that HTA may develop and implement, through the HTA's Executive Director, a personnel system to provide for the appointment of officers, agents, and employees, subject to the approval of the Board of Directors of HTA;

(2) Placing the Convention Center Enterprise Special Fund (CCESF) and Tourism Special Fund (TSF) outside the state treasury;

(3) Allowing funds in the CCESF and TSF to be:

(A) Placed in interest-bearing accounts, provided that the depositories in which the funds are deposited furnish security as specified in section 38-3, Hawaii Revised Statutes (HRS); and

(B) Invested by HTA in any investment listed under section 36-21, HRS, until needed;

and

(4) Allowing HTA to establish a special account in the TSF for deposits of non-tax revenues received from public or private contracts.

HTA supported this bill with amendments. The Department of Business, Economic Development, and Tourism supported the intent of this measure. The Department of Budget and Finance offered comments.

Your Committee has amended this measure by:

(1) Changing the effective date to July 1, 2010, to promote further discussion; and

(2) Making technical, nonsubstantive amendments for style, clarity, and consistency.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 471, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 471, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

 

____________________________

DWIGHT TAKAMINE, Chair