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Page 18 SAS: President Kanuha said right now the Executive Committee is discussing consideration of the extension as proposed by Honolulu. President Kanuha focused on approving the GET extension as one of the components of HSAC's testimony. Vice President Kawakami noted the cap was always intended to be temporary. Some new legislators may have forgotten that. Whatever language we put in, HSAC can say we support the extension of the GET. Sometimes less is more. Secretary Crivello said she likes that approach. Vice President Kawakami said for 2018 he plans to add to the package a proposal for a complete repeal of the TAT cap. Council Chair White raised the issue of the TAT remaining unpaid by remarketers. President Kanuha said he is ready to support Honolulu's request that HSAC consider the proposal to extend the GET. The Committee discussed the potential impacts if the Legislature fails to find adequate funding for the rail. President Kanuha asked whether HSAC should adopt its own resolution. The resolution would say, "BE IT RESOLVED that the HSAC Executive Committee supports the Hawaii State Legislature's approval of an extension of the Honolulu General Excise and Use Tax surcharge as necessary to enable the completion of the Minimum Operable Segment of the Honolulu High-Capacity Transit Corridor Project to Ala Moana Center." Secretary Crivello made a motion to approve the proposed resolution. The motion was seconded by Vice President Kawakami and unanimously carried. The resolution will be the basis of the testimony from HSAC on Monday. VI. ANNOUNCEMENTS A. Scheduling the next meeting. The next meeting is scheduled for September 11, 2017, at 10:00 a.m., at Honolulu Hale. B. Other announcements. There were no other announcements. VII. ADJOURNMENT The meeting was adjourned at 12:38 p.m. ocs:prof:!1SAC:FY2018:1111 n it 1.e:,:170810