Bill Text: HI HB304 | 2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: State Finances; Public Health, Welfare, and Education; Appropriation

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2012-07-06 - (S) Act 215, 7/3/2012 (Gov. Msg. No. 1318). [HB304 Detail]

Download: Hawaii-2012-HB304-Amended.html

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STAND. COM. REP. NO.  727-12

 

Honolulu, Hawaii

                , 2012

 

RE:   H.B. No. 304

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 304 entitled:

 

"A BILL FOR AN ACT RELATING TO STATE FINANCES,"

 

begs leave to report as follows:

 

     The purpose of this measure, as originally received by your Committee, is to clarify the state budget law by making technical amendments to the requirement that an annual report be submitted by the Director of Finance on transfers of non-general funds to the general fund.

 

     Prior to the public hearing on this measure, your Committee circulated for review and comment, and received testimony on, a Proposed House Draft 1.  As amended, the purpose of the Proposed House Draft 1 of H.B. No. 304 is to increase the economic flexibility of the State by allowing the Department of Budget and Finance to enter into agreements with other bond issuers to pool allocations for the issuance of bonds if certain conditions are met.

 

     Two concerned individuals testified in support of the Proposed House Draft 1.  The Department of Budget and Finance provided comments on the Proposed House Draft 1.

     Your Committee has amended the original measure by adopting the language contained in the Proposed House Draft 1 of H.B. No. 304.

 

     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. 304, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 304, H.D. 1, and be placed on the calendar for Third Reading.

 

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

 

 

		____________________________ MARCUS R. OSHIRO, Chair