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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> DATE: July 9, 2008 Re: Comm. No. 505/Bill No. 122 <br /> PLACE: Council Chambers <br /> <br /> TIME: 9:41 a.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Bill No. 122, reports as follows: <br /> Bill No. 122, transmitted by Duector of Finance William Takaba, via Communication No. 505, dated <br /> June 28, 2007, amends Ordinance No. 07-83, as amended, the Operating Budget, ending <br /> June 30, 2008. The amendment is as follows: <br /> From: <br /> 110.499.5494.09 Housing & Community Development General $34,000,000 <br /> Waikoloa Workforce Housing Project <br /> To: <br /> General Obligation Bonds, Capital General $34,000,000 <br /> Projects Fund -Fund Balance <br /> andlor other Sources <br /> Pursuant to Section 46-7, of the Hawaii Revised Statutes, and Section 13-13(b), Hawaii County <br /> Charter, the Mayor is already authorized to apply for, receive and expend the funds for the project <br /> identified in the Operating Budget. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 122, and recommends <br /> it pass first reading. <br /> la <br /> Hues r+oss a&E Ex Respectfully submitted, <br /> FoxD R <br /> xrcA g COMMITTEE ON FINANCE <br /> HOFFMANN <br /> IKEDA <br /> JACOBSON X <br /> NAEOLE }Z fJH--'~ <br /> eILAGO R DOMINIC YAGON , C <br /> YAGONG X FC REPO N 127 <br /> YoSHIMO'ro R ADOPTED: SUL Z 5 2OOI <br /> <br />