STAND. COM. REP. NO. 3761

Honolulu, Hawaii

RE: H.B. No. 2384

H.D. 2

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2384, H.D. 2, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE SCHOOL FACILITIES SPECIAL FUND,"

begs leave to report as follows:

The purpose and intent of this measure is to amend provisions regarding the powers of the School Facilities Authority and the funding of school development, planning, or construction projects.

Specifically, this measure:

(1) Makes the Department of Education, instead of the School Facilities Authority, the administrator of the school facilities special fund;

(2) Reduces by $100,000,000 the appropriation made to the school facilities special fund, pursuant to Act 257, Session Laws of Hawaii 2022, as amended by Act 175, Session Laws of Hawaii 2023, for school-related construction projects; and

(3) Changes the means of financing for $100,000,000 of school facilities special fund moneys appropriated pursuant to Act 257, Session Laws of Hawaii 2022, as amended by Act 175, Session Laws of Hawaii 2023, from general funds to general obligation bond funds.

Your Committee received written comments on this measure from the Department of Budget and Finance and School Facilities Authority.

Your Committee finds that reducing a portion of the funding made by Act 257, Session Laws of Hawaii 2022, as amended by Act 175, Session Laws of Hawaii 2023, and changing the means of financing for the remaining portion will help to balance the state financial plan.

Your Committee has amended this measure by changing the effective date to upon its approval.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2384, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2384, H.D. 2, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

________________________________

DONOVAN M. DELA CRUZ, Chair