CONFERENCE COMMITTEE REP. NO. 139-16

 

Honolulu, Hawaii

                 , 2016

 

RE:    H.B. No. 1543

       S.D. 1

       C.D. 1

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Sirs:

 

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1543, S.D. 1, entitled:

 

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

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose of this measure is to:

 

     (1)  Authorize the issuance of general obligation bonds to finance project appropriations contained in Acts of the Legislature for which the means of funding are designated as general obligation bond funds or reimbursable general obligation bond funds; and

 

     (2)  Make a declaration of findings regarding the authorizations as required by the Constitution of the State of Hawaii.

 

Article VII, section 13, of the Constitution of the State of Hawaii requires the Legislature to include a declaration of findings in every general law authorizing the issuance of general obligation bonds, which shall declare that the issuance of state bonds authorized will not cause the debt limit to be exceeded at the time of issuance.

 

Your Committee on Conference has amended this measure by:

 

     (1)  Inserting the appropriate dollar amounts throughout the measure as provided by the Department of Budget and Finance;

 

     (2)  Updating dates cited in the measure;

 

     (3)  Changing its effective date to upon its approval; and

 

     (4)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1543, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1543, S.D. 1, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE SENATE

 

ON THE PART OF THE HOUSE

 

____________________________

JILL N. TOKUDA, Chair

 

____________________________

SYLVIA LUKE, Chair

____________________________

DONOVAN M. DELA CRUZ, Co-Chair