Bill Text: HI SB2348 | 2012 | Regular Session | Amended

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Bill Title: State Educational Facilities Improvement Special Fund

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2012-03-08 - (H) Referred to EDN, FIN, referral sheet 41 [SB2348 Detail]

Download: Hawaii-2012-SB2348-Amended.html

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STAND. COM. REP. NO. 2751

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2348

       S.D. 2

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2348, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE STATE EDUCATIONAL FACILITIES IMPROVEMENT SPECIAL FUND,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to require the budget and supplemental budget submitted to the Legislature pursuant to sections 37-71 and 37-72, Hawaii Revised Statutes, to include financial requirements for general funds or general obligation bonds for projects authorized by the state educational facilities improvement special fund.

 

     Your Committee received written comments in opposition to this measure from the Department of Budget and Finance.

 

     Your Committee finds that the Department of Budget and Finance currently provides the budget and supplemental budget to the Legislature, which include program financial requirements and projects authorized by the state educational facilities improvement special fund.

 

     Accordingly, your Committee has deleted the contents of this measure and replaced it with language that:

 

     (1)  Repeals the requirement that general excise tax revenues be deposited in the state educational facilities improvement special fund;

 

     (2)  Limits expenditures from the state educational facilities improvement special fund to projects authorized by the Legislature for fiscal years ending prior to July 1, 2013;

 

     (3)  Limits lease payments required by financing agreements paid from the lease payments for schools account to those agreements entered into by the Department of Education prior to July 1, 2012;

 

     (4)  Makes the measure effective upon approval; and

 

     (5)  Makes technical nonsubstantive amendments for the purposes of clarity and style.

 

     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 S.B. No. 2348, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2348, S.D. 2.

 

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

 

		____________________________ DAVID Y. IGE, Chair