STAND. COM. REP. NO. 49

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 1115

       S.D. 1

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Education, to which was referred S.B. No. 1115 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR SAINT LOUIS SCHOOL,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds for Saint Louis School.

 

     Your Committee received testimony in support of this measure from the Hawaii Association of Independent Schools, Chaminade University of Honolulu, the President of Saint Louis School, the Chairmen-elect of the Board of Trustees of Saint Louis School, and one individual.  Your Committee received testimony in opposition to this measure from one individual. 

 

     Your Committee finds that the issuance of special purpose revenue bonds for Saint Louis School is in the public interest.

 

     Your Committee has amended this measure by changing the authorized amount of special purpose revenue bonds from $30,000,000 to $40,000,000.

 

     As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1115, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1115, S.D. 1, and be referred to the Committee on Ways and Means.

 

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

 

 

 

____________________________

JILL TOKUDA, Chair