STAND. COM. REP. NO.  626

Honolulu, Hawaii

                , 2015

RE:   H.B. No. 971

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 971 entitled:

"A BILL FOR AN ACT RELATING TO ALOHA TOWER DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose of this measure is to enhance the effectiveness of the Aloha Tower Development Corporation (Corporation) by:

     (1)  Amending the composition of the Corporation's Board of Directors; and

     (2)  Authorizing, rather than requiring, the Board of Directors to appoint a Chief Executive Officer.

The Department of Transportation supported this measure.  

     Your Committee has amended this measure by:

     (1)  Changing the effective date to July 1, 2030, to encourage further discussion; and

     (2)  Making technical, nonsubstantive amendments for 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 H.B. No. 971, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 971, H.D. 1, and be placed on the calendar for Third Reading.

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

____________________________

SYLVIA LUKE, Chair