STAND. COM. REP. NO. 772-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2820
                                     H.D. 1




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.
2820 entitled: 

     "A BILL FOR AN ACT RELATING TO EDUCATION,"

begs leave to report as follows:

     The purpose of this bill is to finance much-needed
improvements to aging schools and universities by authorizing the
issuance of special purpose revenue bonds to finance the
construction and renovation of educational facilities at
independent not-for-profit elementary schools, secondary schools,
universities, and colleges.

     Chaminade University of Honolulu testified in support of
this measure.  The Hawaii Association of Independent Schools
testified in support of the intent of this measure.  The Hawaii
State Teachers Association opposed this measure.  The Departments
of Education, Budget and Finance, and the Attorney General
submitted comments.

     Your Committee has amended this measure by making technical,
nonsubstantive amendments for purposes of clarity 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 H.B. No.
2820, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 2820, H.D. 1.


 
 
                                 STAND. COM. REP. NO. 772-00
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair