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FC -71 Page 2 September 5, 2023 <br />Committee Chair Matt Kaneali`i-Kleinfelder asked if these funds would go back into the General <br />Fund account if the committee did not approve their request. Ms. Oshiro replied no, the funds <br />would stay within the Housing Fund. Mr. Kaneali`i-Kleinfelder asked Mr. Shiroma to confirm <br />the total amount to be awarded. Mr. Shiroma replied that the total amount would be less the <br />administrative fees which was $700,000, leaving the department with $17,300,000 to award. <br />Your Committee on Finance is in accord with the purpose and intent of Bill No. 64, and <br />recommends its passage on first reading. <br />1U <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />MATT KANEALI - INFELDER, <br />CHAIR <br />FC REPORT NO.: 71 <br />ADOPTED: SEP 2 0 2023 <br />AYES NOES ABS EX <br />EVANS <br />X <br />GALIMBA <br />X <br />INABA <br />X <br />KAGIWADA <br />X <br />KANEALI°I-KLEINFELDER <br />X <br />KIERKIEWICZ <br />X <br />KIMBALL <br />X <br />LEE LOY <br />X <br />VILLEGAS <br />X <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />MATT KANEALI - INFELDER, <br />CHAIR <br />FC REPORT NO.: 71 <br />ADOPTED: SEP 2 0 2023 <br />