STAND. COM. REP. NO. 608

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 39

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 39 entitled:

 

"A BILL FOR AN ACT RELATING TO REPORTS ON THE HAWAII CANCER RESEARCH SPECIAL FUND,"

 

begs leave to report as follows:

 

     The purpose of this measure is to require the University of Hawaii, beginning January 1, 2010, to report to the Legislature on a semi-annual basis regarding the moneys in the Hawaii Cancer Research Special Fund.

 

The measure also require the report to contain information on deposits, expenditures, and other transactions.

 

     Your Committee received two written comments on this measure.  Copies of written comments submitted are available for review on the Legislature's website.

 

     Your Committee finds that this measure will promote transparency in the financial accounting relating to the special fund and will assist the Cancer Research Center in providing better cancer care to improve the health and well-being of the people of Hawaii.  The information that this measure would provide would help the Legislature to ensure that the Cancer Research Center is making progress in meeting its recruitment and expansion goals.  Your Committee believes these reports will assure the commitment of funds in the Hawaii Cancer Research Special Fund and prevent the use of moneys in this special fund for other purposes.  Upon completion, the Cancer Research Center of Hawaii will not only save lives, but will also be an economic driver of technology-based research and development projects.

 

     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. 39 and recommends that it pass Third Reading.

 

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

 

 

 

____________________________

DONNA MERCADO KIM, Chair