STAND. COM. REP. NO. 1488

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 513

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 513 entitled:

 

"A BILL FOR AN ACT RELATING TO GRANTS-IN-AID,"

 

begs leave to report as follows:

 

     The purpose of this measure is to require any organization that has received a grant or subsidy for the acquisition of land to repay to the State the amount of the grant or subsidy, by lump sum payment or installment payments, upon the sale or lease of the land that was acquired by use of the grant or subsidy.

 

     Your Committee received no comments on this measure.

 

     Your Committee finds that, as a matter of equity, an organization that receives a grant or subsidy from the State to acquire land should not receive a windfall profit on the sale or lease of the land when it is no longer needed for the original purpose of the grant or subsidy.  The original amount of the grant or subsidy should be repaid to the State so that other organizations in the future may benefit from future grants and subsidies.

 

     Your Committee amended this measure by making technical nonsubstantive amendments for the purpose of style.

 

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 H.B. No. 513, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 513, S.D. 1, and be placed on the calendar for Third Reading.

 

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

 

 

 

____________________________

ROSALYN H. BAKER, Chair