STAND. COM. REP. NO. 1058

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 1594
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
1594 entitled: 

     "A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL
     PURPOSE REVENUE BONDS FOR AN INTERGENERATIONAL CARE CENTER
     AT EWA VILLAGES,"

begs leave to report as follows:

     The purpose of this bill is to issue special purpose revenue
bonds for an Intergenerational Care Center in the Ewa Villages.

     The Ewa Villages Community Development Corporation and an
individual testified in support of this bill.

     Your Committee has amended this bill by:

     (1)  Specifying $1 as the amount of special purpose revenue
          bonds for discussion purposes; and

     (2)  Making technical, nonsubstantive changes for style and
          clarity.

     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.
1594, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 1594, H.D. 1.


 
 
 
                                 STAND. COM. REP. NO. 1058
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair