Bill Text: HI HB1402 | 2013 | Regular Session | Amended

---

Bill Title: Social Impact Bonds; Early Education

Spectrum: Partisan Bill (Democrat 11-0)

Status: (Engrossed - Dead) 2013-03-07 - Referred to EDU/HMS, WAM. [HB1402 Detail]

Download: Hawaii-2013-HB1402-Amended.html

---

 

 

STAND. COM. REP. NO.  784

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 1402

      H.D. 2

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1402, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO SOCIAL IMPACT BONDS,"

 

begs leave to report as follows:

 

     The purpose of this measure is to find innovative approaches to invest in early education programs by requiring the Executive Office on Early Learning to conduct a study on the feasibility of using social impact bonds to fund early learning programs and services in the State.

 

     The Department of Budget and Finance, Hawaii Association for the Education of Young Children, Hawaii Business Roundtable, and Good Beginnings Alliance testified in support of this measure.  The Legislative Reference Bureau and the Executive Office on Early Learning provided comments on this measure.

 

     Your Committee has amended this measure by:

 

     (1)  Changing its effective date to July 1, 2030, to                    facilitate further discussion; and

 

     (2)  Making technical, nonsubstantive amendments for clarity,      consistency, and style.

     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. 1402, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1402, H.D. 2.

 

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

 

 

		____________________________ SYLVIA LUKE, Chair