STAND. COM. REP. NO. 2222

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2584

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committees on Education and Housing and Water, Land, Agriculture, and Hawaiian Affairs, to which was referred S.B. No. 2584 entitled:

 

"A BILL FOR AN ACT RELATING TO SELF-HELP HOUSING,"

 

beg leave to report as follows:

 

     The purpose of this measure is to establish a dedicated source of funding for self-help housing by establishing a self‑help housing trust fund with income from the conveyance tax.

 

     Testimony in support of this measure was submitted by one private organization and one individual.  Testimony in opposition to this measure was submitted by two state agencies and one private organization.  Comments were submitted by one private organization.  One private organization expressed concerns.  Written testimony presented to the Committees may be reviewed on the Legislature's website.

 

     Your Committees find that while the concept of a self-help housing trust fund has merit and should be further developed, the funding mechanism for the self-help housing trust fund included in this measure is not appropriate at this time.  Accordingly, your Committees have amended this measure as follows:

 

     (1)  By leaving intact the provisions establishing a self‑help housing trust fund but removing the conveyance tax funding mechanism for the trust fund; and

 

     (2)  By establishing an advisory board that will be responsible for securing funding sources for the trust fund and performing other tasks necessary to prepare for the administration and operation of the trust fund.

 

     As affirmed by the records of votes of the members of your Committees on Education and Housing and Water, Land, Agriculture, and Hawaiian Affairs that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 2584, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 2584, S.D. 1, and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committees on Education and Housing and Water, Land, Agriculture, and Hawaiian Affairs,

 

____________________________

CLAYTON HEE, Chair

 

____________________________

NORMAN SAKAMOTO, Chair