STAND. COM. REP. NO. 2733

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  S.B. No. 2575
                                        S.D. 2




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred S.B.
No. 2575, S.D. 1, entitled:

     "A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII
     FACILITIES IMPROVEMENTS SPECIAL FUND,"

begs leave to report as follows:

     The purpose of this bill is to establish the University of
Hawaii facilities improvements special fund.

     The special fund will be funded by a portion of the general
excise tax revenues.  Furthermore, the special fund will be used
only for facilities maintenance and improvements.

     Your Committee finds that the physical facilities of the
University of Hawaii form the focal point of the university's
activities.  This measure ensures that the university will have a
reliable source of revenues for necessary repairs and
improvements.

     Your Committee has amended this measure by changing the
effective date to July 1, 2099 in order to promote further
discussion of the matter.

     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.

 
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                                   STAND. COM. REP. NO. 2733
                                   Page 2


2575, S.D. 1, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as S.B. No. 2575, S.D.
2.

                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
a                                                      SB2575 SD2