STAND. COM. REP. NO. 783-24

Honolulu, Hawaii

, 2024

RE: H.B. No. 2500

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2500, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO UNIVERSITY OF HAWAII CONFERENCE CENTER REVOLVING FUND,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Establish the University of Hawaii Conference Center Revolving Fund and authorize the University of Hawaii to establish accounts under the fund to facilitate the administration of the fund for conference center programs among various campuses and operating units of the University of Hawaii System; and

(2) Repeal the Conference Center Revolving Fund for the University of Hawaii at Hilo and lapse funds to the University of Hawaii Conference Center Revolving Fund.

Your Committee received testimony in support of this measure from the University of Hawaiʻi System.

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. 2500, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

KYLE T. YAMASHITA, Chair