STAND. COM. REP. NO. 2056

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2130

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committee on Education and Housing, to which was referred S.B. No. 2130 entitled:

 

"A BILL FOR AN ACT RELATING TO THE BUDGET,"

 

begs leave to report as follows:

 

     The purpose of this measure is to direct the Department of Education to enter into a financing agreement for the planning and design of Royal Kunia Elementary School II using certificates of participation.

 

     Testimony in support of this measure was submitted by one state agency, one private organization, and five individuals.  Comments were submitted by one state agency.  Written testimony presented to the Committee may be reviewed on the Legislature's website.

 

     Your Committee finds that this measure provides a quicker and more cost-effective means of financing the planning and design of the Royal Kunia Elementary School II, which has already experienced delays.

 

     Your Committee finds that the Department of Budget and Finance, rather than the Department of Education, should make the required payments on the certificates of participation for the project as the Department of Budget and Finance is responsible for the State's debt service payments.  Your Committee also finds that the use of general funds, rather than state educational facilities improvement special funds, is more appropriate for the purposes of this measure.

 

     Your Committee has amended this measure as follows:

 

     (1)  By removing inaccurate information from the purpose section;

 

     (2)  By appropriating general funds, rather than state educational facilities improvement special funds;

 

     (3)  By specifying that the Department of Budget and Finance shall make the required payments on the certificates of participation for the Royal Kunia Elementary School II project; and

 

     (4)  By making technical, nonsubstantive amendments for the purposes of style and clarity.

 

     As affirmed by the record of votes of the members of your Committee on Education and Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2130, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2130, S.D. 1, and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committee on Education and Housing,

 

 

 

____________________________

NORMAN SAKAMOTO, Chair