STAND. COM. REP. NO.2666
RE: S.B. No. 2669
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Ways and Means, to which was referred S.B. No. 2669 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST PROJECTS ON THE ISLANDS OF MAUI AND HAWAII,"
begs leave to report as follows:
The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist Pacific Wind Energy LLC in the construction of three wind energy conversion systems facilities on Maui and Hawaii.
Your Committee finds that developing alternative means of energy generation in the State is in the public interest, given the State's geographic isolation from sources of oil. Your Committee further finds that abundance of wind in the State is a viable source for the production of electricity.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2669 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
BRIAN T. TANIGUCHI, Chair