Bill Text: HI SB2676 | 2010 | Regular Session | Amended

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

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Bill Title: Aloha Tower Development Corporation; Appropriation

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2010-04-12 - (S) Act 017, 4/12/2010 (Gov. Msg. No. 473). [SB2676 Detail]

Download: Hawaii-2010-SB2676-Amended.html

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STAND. COM. REP. NO. 2470

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2676

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2676 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ALOHA TOWER DEVELOPMENT CORPORATION,"

 

begs leave to report as follows:

 

     The purpose of this measure is to provide sufficient funds to the Aloha Tower Development Corporation to settle a claim by Kenneth H. Hughes, Inc. against the Corporation.

 

     Specifically, this measure makes an emergency appropriation of $900,000 out of the Aloha Tower fund, which has the effect of increasing the Aloha Tower Development Corporation's budget expenditure ceiling by $900,000 for fiscal year 2009-2010.

 

Your Committee wishes to clarify that the intent of this measure is to allow a one-time only increase in the budget expenditure ceiling of the Aloha Tower Development Corporation by making the emergency appropriation to satisfy the terms of the settlement agreement.

 

     Accordingly, your Committee has amended this measure by adding appropriate clarifying language relating to the one time only ceiling increase.  Your Committee has also made technical nonsubstantive amendments for the purposes of clarity, consistency, 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. 2676, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2676, S.D. 1.

 

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

 

		____________________________ DONNA MERCADO KIM, Chair