STAND. COM. REP. NO.491-02
RE: H.B. No. 2128
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Finance, to which was referred H.B. No. 2128, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR PROJECTS ON THE ISLAND OF HAWAII,"
begs leave to report as follows:
The purpose of this bill is to extend to June 30, 2007, the authorization to issue special purpose revenue bonds (SPRBs) previously authorized to assist Hui `Enekinia Hawaii. In addition, this bill:
(1) Allows the Department of Budget and Finance to issue refunding SPRBs; and
(2) Revises the SPRB authorization by deleting the reference to water production facilities to provide more flexibility in structuring the business venture.
Testimony in support of this measure was submitted by Hui
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2128, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
DWIGHT Y. TAKAMINE, Chair