STAND. COM. REP. NO.  574

 

Honolulu, Hawaii

                , 2009

 

RE:   H.B. No. 899

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir:

 

     Your Committee on Hawaiian Affairs, to which was referred H.B. No. 899 entitled:

 

"A BILL FOR AN ACT RELATING TO THE OFFICE OF HAWAIIAN AFFAIRS,"

 

begs leave to report as follows:

 

     The purpose of this bill is to clarify and strengthen the authority of the Office of Hawaiian Affairs (OHA) to issue revenue bonds to obtain funding for its projects by amending the bond provisions of Chapter 10, Hawaii Revised Statutes, to reflect current government bond practices and provide increased autonomy for OHA in issuing bonds.

 

     OHA supported this bill.  The Department of the Attorney General (AG) commented on the measure.

 

     The AG raised several concerns about the amendments made to the bond authority by this bill.  Your Committee believes that these issues are within the purview and expertise of the Committee on Finance to which this measure is next referred, and respectfully requests that the Committee examine these concerns.

 

     As affirmed by the record of votes of the members of your Committee on Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 899 and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Hawaiian Affairs,

 

 

 

 

____________________________

MELE CARROLL, Chair