CONFERENCE COMMITTEE REP. NO. 21

 

Honolulu, Hawaii

                 , 2015

 

RE:    S.B. No. 521

       S.D. 1

       H.D. 1

       C.D. 1

 

 

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Madam and Sir:

 

     Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 521, S.D. 1, H.D. 1, entitled:

 

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO WAIMEA NUI COMMUNITY DEVELOPMENT CORPORATION,"

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds in an amount up to $45,000,000 to Waimea Nui Community Development Corporation, a private not-for-profit corporation, for the planning, acquisition, and construction of agriculture, renewable energy, and educational facilities.

 

     Your Committee on Conference finds that the Waimea Nui Community Development Corporation is a Native Hawaiian non-profit organization operating in the South Kohala district of the Island of Hawaii and has developed a comprehensive agriculture and renewable energy enterprise, open to the entire Kohala region, that directly contributes to the State's economy and security through local food and energy production.  Therefore, your Committee on Conference finds that the issuance of special purpose revenue bonds to the Waimea Nui Community Development Corporation is in the public interest and for the public health, safety, and general welfare.

 

     Your Committee on Conference has amended this measure by inserting an effective date of July 1, 2015.

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 521, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 521, S.D. 1, H.D. 1, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE HOUSE

 

ON THE PART OF THE SENATE

 

____________________________

CLIFT TSUJI, Co-Chair

 

____________________________

RUSSELL E. RUDERMAN, Chair

____________________________

RYAN I. YAMANE, Co-Chair

 

____________________________

LORRAINE R. INOUYE, Co-Chair

____________________________

TY J.K. CULLEN, Co-Chair