STAND. COM. REP. NO. 935

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 849
                                        H.D. 1





Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Transportation and Intergovernmental
Affairs, to which was referred H.B. No. 849, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO SPECIAL FACILITY REVENUE
     BONDS FOR AIRPORTS,"

begs leave to report as follows:

     The purpose of this measure is to include air cargo
operations in the definition of a special facility for the
purposes of special facility revenue bonds and leases.

     Testimony in support of this measure was received from the
Department of Transportation, Department of Budget and Finance,
and Hawaiian Airlines.

     Your Committee finds that the inclusion of air cargo
operations in the definition of special facility will allow for
the issuance of special revenue bonds for the development and
construction of air cargo facilities in the State.

     As affirmed by the record of votes of the members of your
Committee on Transportation and Intergovernmental Affairs that is
attached to this report, your Committee is in accord with the
intent and purpose of H.B. No. 849, H.D. 1, and recommends that
it pass Second Reading and be referred to the Committee on Ways
and Means.


 
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                                   STAND. COM. REP. NO. 935
                                   Page 2


                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Transportation
                                   and Intergovernmental Affairs,



                                   ______________________________
                                   CAL KAWAMOTO, Chair

 
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