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:
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.
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,
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____________________________ MARCUS R. OSHIRO, Chair |
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