STAND. COM. REP. NO. 566-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2505
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
2505 entitled: 

     "A BILL FOR AN ACT RELATING TO HOUSING LOAN AND MORTGAGE
     PROGRAMS,"

begs leave to report as follows:

     The purpose of this bill is to clarify that the Housing and
Community Development Corporation of Hawaii (HCDCH) and mortgage
lenders contracted to provide mortgage financing are authorized
to provide project loans for housing projects on Hawaiian Home
Lands.

     The Department of Hawaiian Home Lands testified in support
of the measure.  HCDCH testified in support of the intent of the
measure.

     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.
2505 and recommends that it pass Third Reading.


 
 
 
 
 
 
 
 
 
                                 STAND. COM. REP. NO. 566-00
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair