STAND. COM. REP. NO. 2091

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2649

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committees on Higher Education and Education and Housing, to which was referred S.B. No. 2649 entitled:

 

"A BILL FOR AN ACT RELATING TO UNIVERSITY OF HAWAII PROJECTS,"

 

beg leave to report as follows:

 

     The purpose of this measure is to extend the sunset provision in Act 138, Session Laws of Hawaii 2005, to allow the University of Hawaii to continue the construction or renovation of housing units on its campuses.

 

     Testimony in support of this measure was submitted by the University of Hawaii System.  Written testimony presented to the Committees may be reviewed on the Legislature's website.

 

     Your Committees find that the University of Hawaii has made good progress on the renovation of several of its housing units, including the completion of Frear Hall and improvements to other facilities, using proceeds of revenue bonds issued in the amount of $100,000,000.  Of the original amount issued, $16,500,000 remains unencumbered.  This measure extends the authorization to encumber these funds until June 30, 2012, to allow the University of Hawaii to continue important renovations and improvements to student housing.

 

     Your Committees have amended this measure by making technical, nonsubstantive amendments for the purposes of clarity and consistency.

 

     As affirmed by the records of votes of the members of your Committees on Higher Education and Education and Housing that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 2649, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 2649, S.D. 1, and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committees on Higher Education and Education and Housing,

 

____________________________

NORMAN SAKAMOTO, Chair

 

____________________________

JILL TOKUDA, Chair