STAND. COM. REP. NO. 3228

Honolulu, Hawaii

RE: H.B. No. 2380

H.D. 2

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Transportation and Culture and the Arts, to which was referred H.B. No. 2380, H.D. 2, entitled:

"A BILL FOR AN ACT MAKING AN EMERGENCY APPROPRIATION TO THE DEPARTMENT OF BUDGET AND FINANCE,"

begs leave to report as follows:

The purpose and intent of this measure is to make an emergency appropriation to provide special funds for disbursements of moneys in the Mass Transit Special Fund.

Your Committee received testimony in support of this measure from Department of Budget and Finance, Honolulu Authority for Rapid Transportation, and Oahu Metropolitan Planning Organization.

Your Committee finds that the Department of Budget and Finance anticipates there will be a shortfall in special fund ceiling for the Mass Transit Special Fund. Your Committee further finds that the Department of Budget and Finance requests that $179,000,000 be appropriated to reflect the increases in revenue estimates for the Transient Accommodations Tax and the General Excise Tax County Surcharge. This measure will provide the necessary funds for the Mass Transit Special Fund to continue operations in fiscal year 2024.

Your Committee has amended this measure by making it effective upon its approval.

As affirmed by the record of votes of the members of your Committee on Transportation and Culture and the Arts that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2380, H.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2380, H.D. 2, S.D. 1, and be referred to your Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Transportation and Culture and the Arts,

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CHRIS LEE, Chair