STAND. COM. REP. NO. 778
RE: H.B. No. 1413
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirtieth State Legislature
Regular Session of 2019
State of Hawaii
Your Committee on Water, Land, & Hawaiian Affairs, to which was referred H.B. No. 1413 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST E OLA MAU NA LEO O KEKAHA,"
begs leave to report as follows:
Kekaha Strong, LLC and O‘ahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i submitted testimony in support of this measure. The Department of Budget and Finance and the Department of the Attorney General offered comments on this measure.
Your Committee requests that if this measure is granted a hearing by the Committee on Finance that it consider authorizing $10,000,000 in special purpose revenue bonds.
Your Committee has amended this measure by:
(1) Clarifying that the special purpose revenue bonds are authorized to assist an industrial enterprise under part V of Chapter 39A, Hawaii Revised Statutes;
(2) Changing the bond authorization to an unspecified amount;
(3) Changing its effective date to July 1, 2050, to promote further discussion; and
As affirmed by the record of votes of the members of your Committee on Water, Land, & Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1413, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1413, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Water, Land, & Hawaiian Affairs,
RYAN I. YAMANE, Chair