STAND. COM. REP. NO. 840-12
Honolulu, Hawaii
, 2012
RE: H.B. No. 2411
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Sixth State Legislature
Regular Session of 2012
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 2411 entitled:
"A BILL FOR AN ACT RELATING TO CAPITAL IMPROVEMENTS,"
begs leave to report as follows:
Your Committee has amended this measure by deleting its contents and replacing it with provisions to:
(1) Add a definition of "contracting" to the Executive Budget Act;
(2) Include contracting costs in "capital investment costs" and "cost elements" and include the contracting phase in "phases of capital improvement project" for publicly-funded capital improvement projects; and
(3) Authorize departments to include contracting costs when determining the cost of projects funded by revenue bonds.
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 H.B. No. 2411, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2411, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ MARCUS R. OSHIRO, Chair |
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