STAND. COM. REP. NO. 811

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 959
                                        S.D. 2




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred S.B.
No. 959, S.D. 1, entitled:

     "A BILL FOR AN ACT RELATING TO SPECIAL FACILITY REVENUE
     BONDS FOR AIRPORTS,"

begs leave to report as follows:

     The purpose of this bill is to allow special facility
revenue bonds for airports to be used for the construction,
acquisition, remodeling, furnishing, and equipping of cargo
facilities and operations, including site acquisition.

     Your Committee has amended this bill by clarifying that
special facility revenue bonds for airports may be used for the
construction, acquisition, remodeling, furnishing, and equipping
of air cargo facilities and operations.

     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.
959, S.D. 1, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as S.B. No. 959, S.D. 2.


 
a                                                       SB959 SD2
 
 
 
 
 
 
                                   STAND. COM. REP. NO. 811
                                   Page 2


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



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
a                                                       SB959 SD2