STAND. COM. REP. NO.1285-02

Honolulu, Hawaii

, 2002

RE: H.C.R. No. 43

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

 

Sir:

 

Your Committee on Finance, to which was referred H.C.R. No. 43 entitled:

"HOUSE CONCURRENT RESOLUTION REQUESTING THE DEPARTMENT OF BUDGET AND FINANCE TO ENTER INTO A FINANCING AGREEMENT FOR A NEW ELEMENTARY SCHOOL IN KAHULUI, MAUI,"

begs leave to report as follows:

The purpose of this concurrent resolution is to request the Department of Budget and Finance to enter into a financing agreement with Maui Lani Partners on behalf of the Department of Education (DOE) for the design, construction, financing, lease, and land acquisition for Maui Lani Elementary School and to issue tax-exempt certificates of participation to provide the necessary funds for the project.

DOE testified in support of the concurrent resolution.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 43 and recommends its adoption.

 

 

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair