STAND. COM. REP. NO. 947
RE: S.B. No. 1002
Honorable Ronald D. Kouchi
President of the Senate
Thirtieth State Legislature
Regular Session of 2019
State of Hawaii
Your Committee on Ways and Means, to which was referred S.B. No. 1002 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST SEAWATER AIR CONDITIONING PROJECTS ON OAHU,"
begs leave to report as follows:
The purpose and intent of this measure is to extend the authorization to issue special purpose revenue bonds for the benefit of Honolulu Seawater Air Conditioning, LLC until June 30, 2024.
Your Committee received written comments in support of this measure from Ulupono Initiative, the Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii, Honolulu Seawater Air Conditioning, and one individual.
Your Committee finds that seawater air conditioning is known to provide substantial savings of energy and fresh water, both of which are critical to the State's economy and sustainability.
Your Committee has amended this measure by:
(1) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and
(2) Making technical nonsubstantive changes for purposes of clarity, consistency, and style.
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. 1002, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1002, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
DONOVAN M. DELA CRUZ, Chair