CONFERENCE COMMITTEE REP. NO. 105-18

 

Honolulu, Hawaii

                 , 2018

 

RE:    H.B. No. 1604

       S.D. 1

       C.D. 1

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

 

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

 

Sirs:

 

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1604, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO STATE BONDS,"

 

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 and intent of this measure is to authorize the issuance of general obligation bonds and to make the constitutionally-required findings that the bond issuance will not cause the state debt limit to be exceeded.

 

     Your Committee on Conference finds that Article VII, section 13, of the Constitution of the State of Hawaii requires the Legislature to include a declaration of findings in every general law authorizing the issuance of general obligation bonds, which shall declare that the issuance of state bonds authorized will not cause the debt limit to be exceeded at the time of issuance.  Your Committee on Conference further finds that the proceeds generated from the general obligation bonds authorized to be issued under this measure will be used to finance the fulfillment of important state objectives.

 

     Your Committee on Conference has amended this measure by:

 

     (1)  Inserting the appropriate dollar amounts throughout the measure as provided by the Department of Budget and Finance;

 

     (2)  Updating the dates and measure numbers cited in the measure;

 

     (3)  Adding a part II to the measure that amends the titles and descriptions of certain capital improvement projects of executive branch agencies and programs established in the Supplemental Appropriations Act of 2018;

 

     (4)  Changing the effective date from July 1, 2050, to upon approval; and

 

     (5)  Making technical nonsubstantive changes for the purposes of clarity, consistency, and style.

 

     Your Committee on Conference notes that the amendments made in part II of this measure are not intended to appropriate any additional funds, authorize the issuance of any additional general obligation bonds or allocate the revenues derived thereof, or add any additional debt for the projects authorized by the Supplemental Appropriations Act of 2018.

 

     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 H.B. No. 1604, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1604, S.D. 1, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE SENATE

 

ON THE PART OF THE HOUSE

 

____________________________

DONOVAN M. DELA CRUZ

Chair

 

____________________________

SYLVIA LUKE

Chair

____________________________

GILBERT S.C. KEITH-AGARAN

Co-Chair

 

 

____________________________

J. KALANI ENGLISH

Co-Chair