STAND. COM. REP. NO.169

Honolulu, Hawaii

, 2003

RE: S.B. No. 342

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Education, to which was referred S.B. No. 342 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR HANAHAUOLI SCHOOL,"

begs leave to report as follows:

The purpose of this measure is to issue special purpose revenue bonds (SPRB) for Hanahauoli School.

Testimony in support of this measure was received from Hanahauoli School, Hawaii Association of Independent Schools, Hawaii Business Roundtable, and The Pacific Resource Partnership. Testimony in opposition was submitted by the Hawaii State Teachers Association.

Your Committee believes that the SPRB issuance will assist Hanahauoli School in its purpose of providing quality education to the children of the State.

Your Committee finds that the measure authorizes the issuance of $5 million in SPRB to finance the construction and improvement of educational facilities and acquisition of land for the school's future needs.

 

As affirmed by the record of votes of the members of your Committee on Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 342 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 Education,

____________________________

NORMAN SAKAMOTO, Chair