STAND. COM. REP. NO. 1267
RE: H.B. No. 1166
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fifth State Legislature
Regular Session of 2009
State of Hawaii
Your Committee on Ways and Means, to which was referred H.B. No. 1166, H.D. 1, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE PASSENGER FACILITY CHARGE SPECIAL FUND,"
begs leave to report as follows:
The purpose of this measure is to provide the Airports Division of the Department of Transportation with additional financing options to construct airports capital improvement projects.
Specifically, this measure:
(1) Clarifies that the passenger facility charge may be used for an undertaking relating to the financing of revenue bonds;
(2) Allows moneys paid into the passenger facility charge special fund to be appropriated, applied, or expended by the Department of Transportation for airport capital improvement program projects approved by the Legislature and as permitted by federal law; and
(3) Allows the establishment of other accounts within the passenger facility charge special fund and requires transfer of passenger facility charge revenues into these other accounts to pay debt service on the related bonds.
Your Committee received one written comment on this measure. The written comment may be reviewed on the Legislature's website.
Your Committee finds that authorizing certain uses of the passenger facility charge provides the Department of Transportation with an additional capital funding source to provide for the expansion of the airport system.
Upon further consideration, your Committee has amended this measure to change the effective date to July 1, 2050, to facilitate further discussion.
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. 1166, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1166, H.D. 1, S.D. 2.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
DONNA MERCADO KIM, Chair