STAND. COM. REP. NO. 556

 

Honolulu, Hawaii

, 2019

 

RE: H.B. No. 855

H.D. 1

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

 

Sir:

 

Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 855, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO CLEAN ENERGY FINANCING,"

 

begs leave to report as follows:

 

The purpose of this measure is to strengthen the Hawaii Green Infrastructure Authority's ability to support investment in clean energy technology and infrastructure by:

 

(1) Transferring the administration of the Building Energy Efficiency Revolving Loan Fund to the Hawaii Green Infrastructure Authority;

 

(2) Expanding the purpose of the Building Energy Efficiency Revolving Loan Fund to include a broader range of clean energy technologies and renaming it as the Clean Energy Revolving Loan Fund; and

 

(3) Making an appropriation out of the Clean Energy Revolving Loan Fund to make clean energy investment loans or for other approved uses.

 

Hawaii Green Infrastructure Authority, Holu Energy LLC, Hawaii Farmers Union, Blue Planet Foundation, RevoluSun, Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii, and a few concerned individuals testified in support of this measure. The Department of Budget and Finance and State Procurement Office submitted comments.

 

As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 855, H.D. 1, and recommends that it be referred to your Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

 

 

 

 

____________________________

ROY M. TAKUMI, Chair