STAND. COM. REP. NO. 2356

Honolulu, Hawaii

RE: S.B. No. 3069

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 S.B. No. 3069 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 the Department of Budget and Finance.

Your Committee finds that the Department of Budget and Finance was unable to disburse all the available moneys for the Mass Transit Special Fund in fiscal year 2022-2023. Your Committee additionally finds that based on the estimated revenues for the Mass Transit Special Fund and carryover of the ending cash balance from fiscal year 2022-2023, it is anticipated that there will be a shortfall in special fund ceiling for the Mass Transit Special Fund. This measure will therefore dispense needed funds to benefit the City and County of Honolulu's rail mass transit project.

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 S.B. No. 3069 and recommends that it pass Second Reading 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