STAND. COM. REP. NO.  908-08

 

Honolulu, Hawaii

                , 2008

 

RE:   H.B. No. 2369

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 2369 entitled:

 

"A BILL FOR AN ACT RELATING TO THE AFTER-SCHOOL PLUS PROGRAM REVOLVING FUND,"

 

begs leave to report as follows:

 

     The purpose of this bill is to clarify the Legislature's intent to support the After-school Plus Program Revolving Fund (Revolving Fund) primarily through fees from program users by limiting deposits into the Revolving Fund to only those funds that are collected as fees or charges for participation in the A+ Program and the interest earned on Revolving Fund deposits.

 

     The Department of Education supported this bill.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2369 and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

MARCUS R. OSHIRO, Chair