STAND. COM. REP. NO. 881

Honolulu, Hawaii

, 2005

RE: H.B. No. 1238

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1238 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST SEAWATER AIR CONDITIONING PROJECTS ON THE ISLAND OF OAHU,"

begs leave to report as follows:

The purpose of this bill is to Authorize issuance of special purpose revenue bonds to Honolulu Seawater Air Conditioning, LLC, to design and construct a chilled water distribution system for a district cooling system in downtown Honolulu.

The Division of Consumer Advocacy of the Department of Commerce and Consumer Affairs and Honolulu Seawater Air Conditioning, LLC, supported this bill. The Department of Budget and Finance provided comments on this measure.

Your Committee has amended this bill by:

(1) Changing the effective date to July 1, 2010, to promote further discussion on this measure; and

(2) Making technical, nonsubstantive changes for clarity, consistency, and style.

 

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. 1238, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1238, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Finance,

 

____________________________

DWIGHT TAKAMINE, Chair