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HomeMy WebLinkAboutREP FC 266 04/04/2006 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: April 4, 2006 Re: Comm. No. 760/Bill No. 245 PLACE: Council Chambers TIME: 9:04 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 245, reports as follows: Bill No. 245, transmitted by Director of Finance William Takaba, via Communication No. 760, dated March 13, 2006, amends Ordinance No. OS-86, as amended, the Operating Budget, ending June 30, 2006. The amendment is as follows: From: 3305.23 State Grant -Product Development Prog General $75,000 "I'o: 010-161-5162.99 Product Development Program-State General $75,000 The Department of Research and Development will be receiving additional funds from the State of Hawaii -Hawaii Tourism Authority to be used to support and improve the tourism product development initiatives and projects. Deputy Director Diane Ley of the Department of Research and Development clarified that the aforementioned project is supported in each district. Ms. Ley will be sending a list of all the participating agencies prior to the next Council meeting. Pursuant to Section 46-7, Hawaii Revised Statutes, and Section 13-13(b), Hawaii County Charter, the Mayor is already authorized to apply for, receive and expend the funds for this program identified in the Operating Budget. Your Committee on Finance is in accord with the purpose and intent of Bill No. 245 and recommends it pass first reading. smc Aves rvoES a&e ex Respectfully submitted, ARAKAKI X HtcA x COMMITTEE ON FINANCE HOFFMANN X HOLSCHUH X ^ IKEDA X - F1.~~ ISBELL X J ~ ~ACOSSON x VIRG IA ISBELL, CHAIR FtLACO X FC REPORT NO. 266 sAFARtK X ADOPTED: APR ~ 9 POO6