STAND. COM. REP. NO.  399-14

 

Honolulu, Hawaii

                , 2014

 

RE:   H.B. No. 2168

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

 

Sir:

 

     Your Committee on Judiciary, to which was referred H.B. No. 2168 entitled:

 

"A BILL FOR AN ACT RELATING TO TAX INCREMENT BONDS,"

 

begs leave to report as follows:

 

     The purpose of this measure is to conform state debt limit statement laws to include tax increment bonds if a constitutional amendment allowing the State to authorize the use of such bonds by the counties is ratified.

 

     The Building Industry Association of Hawaii and The Chamber of Commerce of Hawaii supported this bill.  The Department of the Attorney General and Department of Budget and Finance provided comments.

 

     Your Committee has amended this measure by applying the amendments to the governing statutory framework for the debt limit statement for counties, instead of for state debt limit statement laws.

 

     As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2168, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2168, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Judiciary,

 

 

 

 

____________________________

KARL RHOADS, Chair