STAND. COM. REP. NO.  1520

 

Honolulu, Hawaii

                , 2015

 

RE:   S.B. No. 105

      S.D. 1

      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 Finance, to which was referred S.B. No. 105, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE BUDGET,"

 

begs leave to report as follows:

 

     The purpose of this measure is to require information on the estimated future debt service for a proposed capital improvement project to be included in the budget documents submitted to the Legislature.

 

     The Department of Budget and Finance provided comments on this measure.

 

     Your Committee has amended this measure by changing the effective date to July 1, 2030, to encourage further discussion.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 105, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 105, S.D. 1, H.D. 1, and be placed on the calendar for Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair