STAND. COM. REP. NO.655

Honolulu, Hawaii

, 2003

RE: S.B. No. 248

S.D. 3

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 248, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE CONVENTION CENTER,"

begs leave to report as follows:

The purpose of this measure is to raise the limit on the amount of revenues that can be deposited into the convention center enterprise special fund from $31,000,000 to $34,000,000.

Your Committee finds that Act 253, Session Laws of Hawaii 2002, established the convention center enterprise special fund, codified as section 201B-8, Hawaii Revised Statutes, to receive a portion of revenues from the transient accommodations tax and other sources. Act 253 also provided that amounts in excess of $31,000,000 derived from the transient accommodations tax were to be deposited into the general fund.

Your Committee finds that the limit on the amount of transient accommodations tax revenues that are deposited into the convention center enterprise special fund was established to provide the Hawaii Tourism Authority with sufficient revenues to operate the Hawaii Convention Center.

Your Committee finds that $34,000,000 should be sufficient for the Hawaii Tourism Authority to meet the major maintenance requirements for the Hawaii Convention Center.

Upon further consideration, your Committee has amended this bill by:

(1) Specifying that the new $34,000,000 limit on deposits into the convention center enterprise special fund is to commence on January 1, 2003, rather than retroactive to January 1, 2002; and

(2) Making a technical, nonsubstantive change for the purpose of clarity and consistency.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 248, S.D. 2, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 248, S.D. 3.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

BRIAN T. TANIGUCHI, Chair