STAND. COM. REP. NO.  1892

 

Honolulu, Hawaii

                , 2007

 

RE:   S.B. No. 1820

      S.D. 1

      H.D. 2

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred S.B. No. 1820, S.D. 1, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE DEPARTMENT OF EDUCATION,"

 

begs leave to report as follows:

 

     The purpose of this bill is to provide the Department of Education (DOE) with more flexibility in acquiring new public school facilities by:

 

     (1)  Authorizing DOE to enter into financing agreements with the concurrence of the Director of Finance and without the approval of the Comptroller; and

 

     (2)  Establishing a separate account within the State Educational Facilities Improvement Special Fund for lease payments required by financing agreements entered into by DOE.

 

     In addition, this bill changes the limit on financing agreements for the University of Hawaii to an unspecified amount.

 

     DOE and the Representative from the Eleventh State House District supported this bill.  A concerned individual supported this bill with amendments.  The Department of Budget and Finance opposed this bill.

 

     Your Committee has amended this bill by:

 

     (1)  Changing its effective date to July 1, 2020; and

 

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

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1820, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1820, S.D. 1, H.D. 2.

 

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

 

 

 

 

____________________________

MARCUS R. OSHIRO, Chair