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REPORT OF THE <br />COMMITTEE ON FINANCE <br />DA7 E: November 9. 2004 <br />PLACE: Council Chambers <br />TIME: 10:10 a.m. <br />Re: Comm. No. 813Bi11 No. ;54 <br />Council Chair and Members <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />Your Committee on Finance, to which was referred Bill No. 354, reports as follows: <br />Bill No. 3~4, transmitted by Director of Finance William 'I'akaba, via Communication No. 813. <br />dated October 1 R, 2004, amends Ordinance No. 04-74, as amended, the Operating Budget. <br />ending .Tune 30, 2005. The amendment is as follows: <br />From: <br />3305?3 State Grants -Product Development General $75,000 <br />Program <br />To: <br />010-161-5162.99 Product Development Program General $75,000 <br />The Department of Research & Development will be receiving additional funds from the State of <br />Hawaii - l~iawai'i Tourism Authority to ensure that the contract management procedures and the <br />overall administration of the program continue to run smoothly. <br />Pursuant to Section 46-7, Hawaii Revised Statutes, and Section 13-13(b), Hawaii County <br />Charter, Lhe Mayor is already authorized to apply for, receive and expend the funds for this <br />program identified in the Operating Budget. <br />Some members of Your Committee requested a copy of the supplemental agreement from the <br />Department of Research and Development as soon as it has been received. <br />Your Committee on Finance is in accord with the purpose and intent of Bill No. 354 and <br />recommends it pass tirst reading. <br />smc <br /> n ev Hors ~&r: ins <br />CHUNG X <br />SA FA R11< X <br />ARAKAKI X <br />F.LARIONOFF X <br />HOLSCHUH X <br />JACOBSON X <br />RE\'NOLUS X <br />TULANG X <br />T\ LF,R X <br />Respectfully submiCted <br />~CO T"I EE ON F[NANCE <br />AARON S.Y. CHUNG, CHA <br />FC REPORT NO. ~ <br />ADOPTED: NOS <br />