STAND. COM. REP. NO.382-02
Honolulu, Hawaii
, 2002
RE: H.B. No. 2166
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Sir:
Your Committee on Judiciary and Hawaiian Affairs, to which was referred H.B. No. 2166 entitled:
"A BILL FOR AN ACT RELATING TO EDUCATION,"
begs leave to report as follows:
The purpose of this bill is to authorize the issuance of special purpose revenue bonds to assist not-for-profit schools, colleges, and universities serving the general public.
This bill will become effective upon ratification of the constitutional amendment authorizing the State to issue these bonds.
Your Committee received testimony in support of this measure from the Hawaii Association of Independent Schools, the Hawaii Catholic Conference, and concerned individuals. The Department of Budget and Finance and the Hawaii State Teachers Association opposed this measure. The Department of Education submitted comments.
Your Committee finds that all schools, public and private, should be supported in their efforts to provide the best education possible to students in the State. Many private schools in the State are small and have difficulty financing needed repair and construction work on their campuses. Allowing these schools to utilize special purpose revenue bonds would significantly increase their ability to improve their facilities and quality of education, at no cost to the State.
Moreover, authorizing these bonds will provide significant economic benefits to Hawaii's economy by providing construction jobs.
As affirmed by the record of votes of the members of your Committee on Judiciary and Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2166 and recommends that it be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Judiciary and Hawaiian Affairs,
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____________________________ ERIC G. HAMAKAWA, Chair |
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