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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: April 30, 2013 Re: Comm. No. 247/Bill No. 65 <br /> PLACE: Council Chambers <br /> Kona, Hawai`i <br /> TIME: 1:00 p.m. <br /> Council Chair and Members <br /> Hawai`i County Council <br /> Kona, Hawai`i 96720 <br /> Your Committee on Finance, to which was referred Bill No. 65, reports as follows: <br /> Bill No. 65, transmitted jointly with Resolution No. 105-13, by Finance Director Nancy Crawford via <br /> Communication No. 247, dated April 12, 2013, amends Chapter 19, Article 10, Section 19-53(j), of the <br /> Hawai`i County Code 1983 (2005 Edition, as amended), relating to breach of affordable rental housing <br /> class. <br /> The purpose of this measure is to replace the two-year plus current year rollback penalty with a rollback <br /> penalty to the date of reclassification, but no more than the current year. <br /> There was no discussion on this measure. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 65, and recommends its <br /> passage on first reading. <br /> Sc <br /> AYES NOES A&E EX Respectfully submitted, <br /> EOFF X <br /> FORD X COMMITTEE ON FINANCE <br /> ILAGAN X <br /> KANUHA X <br /> KERN X <br /> ONISHI X ,/ .C5C�' <br /> POINDEXTER X VALERIE T. POINDEXTER, CHAIR <br /> WILLE X FC REPORT NO.: 62 <br /> YOSHIMOTO X ADOPTED: MAY 1 5 2013 <br />