STAND. COM. REP. NO.76

Honolulu, Hawaii

, 2003

RE: S.B. No. 1283

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection and Housing, to which was referred S.B. No. 1283 entitled:

"A BILL FOR AN ACT RELATING TO THE HOUSING AND COMMUNITY DEVELOPMENT CORPORATION OF HAWAII,"

begs leave to report as follows:

The purpose of this measure is to repeal the laws relating to the Housing Alteration Revolving Loan Fund and the Hawaii Development Revolving Fund.

The Housing and Community Development Corporation of Hawaii testified in support of this measure.

Act 178, Session Laws of Hawaii 2002, repealed the laws establishing the Housing Alteration Revolving Loan Fund and the Hawaii Development Revolving Fund, and transferred the funds' balances to the General Fund. This housekeeping measure completes the funds' abolishment by repealing statutory provisions pertaining to the defunct funds.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection and Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1283 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committee on Commerce, Consumer Protection and Housing,

____________________________

RON MENOR, Chair