Bill Text: HI HB1205 | 2010 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Tax Increment Bonds; Constitutional Amendment

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2010-03-10 - (S) Referred to TIA/WAM, JGO. [HB1205 Detail]

Download: Hawaii-2010-HB1205-Amended.html

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STAND. COM. REP. NO.  280-10

 

Honolulu, Hawaii

                , 2010

 

RE:   H.B. No. 1205

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Sir:

 

     Your Committee on Judiciary, to which was referred H.B. No. 1205 entitled:

 

"A BILL FOR AN ACT PROPOSING AMENDMENTS TO ARTICLE VII, SECTIONS 12 AND 13, OF THE CONSTITUTION OF THE STATE OF HAWAII RELATING TO TAX INCREMENT BONDS,"

 

begs leave to report as follows:

 

     The purpose of this bill is to propose amendments to the Hawaii Constitution to expressly provide that the legislature may authorize the counties to issue tax increment bonds.

 

     The Department of Budget and Fiscal Services for the City and County of Honolulu testified in support of this bill.

 

     As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1205 and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

 

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

 

 

		____________________________ JON RIKI KARAMATSU, Chair