STAND. COM. REP. NO.  1126

 

Honolulu, Hawaii

                , 2009

 

RE:   S.B. No. 1674

      S.D. 2

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir:

 

     Your Committee on Higher Education, to which was referred S.B. No. 1674, S.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII,"

 

begs leave to report as follows:

 

     The purpose of this bill is to address the capital facility needs of the University of Hawaii (UH) through the construction of new projects and the renovation and major repair of existing facilities by:

 

     (1)  Increasing the amount of the revenue bond proceeds authorized by Act 161, Session Laws of Hawaii 2007 (Act 161) from $100,000,000 to $150,000,000;

 

     (2)  Extending the lapse date of the appropriation of revenue bond proceeds authorized by Act 161 to June 30, 2013; and

 

     (3)  Appropriating $50,000,000 for fiscal year 2009-2010 out of the revenue bond proceeds, to lapse on June 30, 2015.

 

     UH and the Pacific Resource Partnership supported this bill.  The Department of the Attorney General offered comments.


 

     Your Committee has amended this bill by:

 

(1)  Changing the amount of the revenue bonds authorized by Act 161 to $250,000,000;

 

(2)  Increasing the amount appropriated for fiscal year 2009-2010 by this Act, out of the revenue bond proceeds, from $50,000,000 to $150,000,000;

 

     (3)  Deleting provision that any unexpended and unencumbered balances of the appropriations shall lapse into the general fund; and

 

     (4)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     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. 1674, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1674, S.D. 2, H.D. 1, and be referred to the Committee on Finance.

 

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

 

 

 

 

____________________________

JERRY L. CHANG, Chair