STAND. COM. REP. NO.  91

 

Honolulu, Hawaii

                , 2011

 

RE:   H.B. No. 1313

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Education, to which was referred H.B. No. 1313 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST WINDWARD NAZARENE ACADEMY,"

 

begs leave to report as follows:

 

     The purpose of this bill is to assist Windward Nazarene Academy, a Hawaii not-for-profit corporation, with the planning, construction, improvement, equipping, and renovation of its educational facilities by authorizing $15,000,000 in special purpose revenue bonds.

 

     The Hawaii Association of Independent Schools and several concerned individuals supported this bill.  Windward Nazarene Academy and a concerned individual provided comments.

 

     Your Committee has amended this bill by making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     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 H.B. No. 1313, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1313, H.D. 1, and be referred to the Committee on Finance.

 

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

 

 

 

 

____________________________

ROY TAKUMI, Chair