STAND. COM. REP. NO. 1634-12
Honolulu, Hawaii
, 2012
RE: S.B. No. 2790
S.D. 1
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 S.B. No. 2790, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE DEPARTMENT OF HAWAIIAN HOME LANDS,"
begs leave to report as follows:
Your Committee has amended this measure by:
(1) Repealing the requirement that the Department of Hawaiian Home Lands submit an annual report to the Legislature and the United States Department of the Interior on expenditures from the Native Hawaiian Rehabilitation Fund that are derived from the amounts deposited from commercial and multipurpose project lease extensions;
(2) Repealing the requirement that the Department of Hawaiian Home Lands deposit 15 percent of all revenues generated from the lease from the time a lease extension is granted into the Native Hawaiian Rehabilitation Fund;
(3) Adding a provision to the Hawaiian Homes Commission Act that requires the Department of Hawaiian Home Lands to deposit into the Hawaiian Home Administration Account all lease revenues from commercial and multipurpose project leases;
(4) Repealing the provision in Act 187, Session Laws of Hawaii 2010, that requires the Department of Hawaiian Home Lands to deposit into:
(A) The Hawaiian Home Lands Trust Fund all lease revenues collected from commercial and multipurpose project leases; and
(B) The Native Hawaiian Rehabilitation Fund 15 percent of all revenues that are derived from the amounts deposited from commercial and multipurpose project lease extensions; and
(5) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
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 S.B. No. 2790, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2790, S.D. 1, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ MARCUS R. OSHIRO, Chair |
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