STAND. COM. REP. NO.  197

 

Honolulu, Hawaii

                , 2015

 

RE:   H.B. No. 1025

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Housing, to which was referred H.B. No. 1025 entitled:

 

"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the Hawaii Housing Finance and Development Corporation Board of Directors to set the salary of the Executive Director, including by altering or withholding the Executive Director's benefits package in exchange for a higher salary, and to report any salary adjustments to the Legislature.

 

     The Hawaii Housing Finance and Development Corporation and Department of Business, Economic Development, and Tourism offered comments on this measure.

 

     Your Committee has amended this measure by:

 

     (1)  Changing the effective date to July 1, 2050, to encourage further discussion; and

 

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

 

 

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1025, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1025, H.D. 1, and be referred to the Committee on Finance.

 

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

 

 

 

 

____________________________

MARK J. HASHEM, Chair