STAND. COM. REP. 976

Honolulu, Hawaii

, 2003

RE: S.B. No. 343

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Higher Education, to which was referred S.B. No. 343 entitled:

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

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of special purpose revenue bonds (SPRBs) for Chaminade University.

The Hawaii Association of Independent Schools, Chaminade University, and an individual submitted testimony in support of this bill.

Your Committee finds that this bill will enable Chaminade University to finance a variety of campus projects, including new and remodeled student housing, classrooms, and office space. Your Committee finds that these projects serve a public purpose and the use of SPRBs for financing is appropriate.

As affirmed by the record of votes of the members of your Committee on Higher Education that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 343 and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Higher Education,

 

____________________________

K. MARK TAKAI, Chair