STAND. COM. REP. NO.2855

Honolulu, Hawaii

, 2002

RE: H.B. No. 2128

H.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Water, Land, Energy and Environment, 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 purposes of this measure are to extend the lapse date of the authorization for $20,000,000 in special purpose revenue bonds for Hui `Enekinia Hawai`i from June 30, 2003, to June 30, 2007, to add refunding language, and to delete water production facilities from the scope of the project.

Testimony in support of this measure was received from Hui `Enekinia Hawai`i.

Your Committee finds that this project would provide opportunities for the conversion of waste products, as well as contribute to meeting the energy needs of the Island of Hawaii.

As affirmed by the record of votes of the members of your Committee on Water, Land, Energy and Environment 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 Second Reading and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committee on Water, Land, Energy and Environment,

____________________________

LORRAINE R. INOUYE, Chair