STAND. COM. REP. NO.804-02

Honolulu, Hawaii

, 2002

RE: S.B. No. 2516

S.D. 2

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Energy and Environmental Protection, to which was referred S.B. No. 2516, S.D. 2, 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 the bill is to encourage the development of cogeneration facilities on the island of Hawaii by:

(1) Re-authorizing the issuance of refunding special purpose revenue bonds for those projects;

(2) Extending the previous authorization to issue special purpose revenue bonds from June 30, 2003, to June 30, 2007; and

(3) Limiting scope of the projects for which the special purpose revenue bonds are issued to just cogeneration facilities.

Hui Enekinia Hawaii testified in support of the bill.

As affirmed by the record of votes of the members of your Committee on Energy and Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2516, S.D. 2, and recommends that it pass Second Reading and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Energy and Environmental Protection,

 

____________________________

HERMINA M. MORITA, Chair