CONFERENCE COMMITTEE REP. NO. 148

 

Honolulu, Hawaii

                 , 2009

 

RE:    S.B. No. 1674

       S.D. 2

       H.D. 2

       C.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Madam and Sir:

 

     Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 1674, S.D. 2, H.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII,"

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose of this Act is to:

 

     (1)  Increase the amount of the revenue bond proceeds authorized by Act 161, Session Laws of Hawaii 2007, from $100,000,000 to $250,000,000, to address the capital facility needs of the University of Hawaii;

 

     (2)  Extend the lapse date of the appropriation of revenue bond proceeds authorized by Act 161 to June 30, 2013; and

 

     (3)  Appropriate $150,000,000 out of the revenue bond proceeds, to lapse on June 30, 2015.

 

     Your Committee on Conference finds that, while the increase in revenue bond authority will assist the University in addressing its capital facility needs, the current economic climate dictates a less substantial increase.

 

     Your Committee on Conference has amended this measure accordingly, by reducing the increased amount from $150,000,000 to $100,000,000

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 1674, S.D. 2, H.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 1674, S.D. 2, H.D. 2, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE HOUSE

 

ON THE PART OF THE SENATE

 

____________________________

JERRY L. CHANG, Co-Chair

 

____________________________

JILL TOKUDA, Chair

____________________________

MARCUS R. OSHIRO, Co-Chair

 

____________________________

DONNA MERCADO KIM, Co-Chair