STAND. COM. REP. NO. 2346

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2173

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2173 entitled:

 

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

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the issuance of general obligation bonds to finance various state projects.

 

     Testimony in support of this measure was submitted by one state agency.

 

     Written testimony presented to the Committee may be reviewed on the Legislature's website.

 

Your Committee finds that this measure authorizes the issuance of general obligation bonds for the purpose of financing project appropriations.  Your Committee further finds that issuance of the bonds authorized under this measure will not cause the State's constitutional debt limit to be exceeded.

 

     Your Committee has amended the measure by:

 

(1)  Clarifying that the appropriation measures referenced throughout this measure are "Supplemental" Appropriations Acts specifically identifying them as:

 

(A)  Supplemental Appropriations Act of 2010 as introduced House Bill No. 2200; and

 

(B)  Judiciary Supplemental Appropriations Act of 2010 as introduced House Bill No. 2000;

 

(2)  Conforming the text in the measure citing a part of the Hawaii Constitution with the printed version of the Hawaii Constitution; and

 

(3)  Making technical nonsubstantive amendments for the purposes of clarity and consistency.

 

     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. 2173, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2173, S.D. 1, and be placed on the calendar for Third Reading.

 

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

 

 

 

____________________________

DONNA MERCADO KIM, Chair