STAND. COM. REP. NO. 1023

 

Honolulu, Hawaii

 

RE: H.B. No. 776

H.D. 1

S.D. 1

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

 

Sir:

 

Your Committee on Hawaiian Affairs, to which was referred H.B. No. 776, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST PUEO DEVELOPMENT, LLC,"

 

begs leave to report as follows:

 

The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds for a master planned development proposed by Pueo Development, LLC, on Hawaiian home lands for housing development, energy development systems, agricultural development, infrastructure development, and agriculture and processing enterprises.

 

Your Committee received testimony in support of this measure from the Department of Hawaiian Home Lands; Hawaiian Affairs Caucus of the Democratic Party of Hawaii; Pueo Development, LLC; Waiohuli Hawaiian Homesteaders Association, Inc.; and three individuals. Your Committee received comments on this measure from the Department of Budget and Finance and Department of the Attorney General.

 

Your Committee finds that on December 3, 2018, the Waihouli Hawaiian Homestead Association, Inc. submitted a land use request to the Department of Hawaiian Home Lands with a proposed master plan on approximately one hundred fifty acres for due diligence studies, including a project master plan, related chapter 343, Hawaii Revised Statutes, compliance requirements, and chapter 6E, Hawaii Revised Statutes, compliance requirements. The proposed master plan includes the development of residential and agricultural lots, economic and educational opportunities, energy projects, and water source development through collaboration and partnerships for career development and employment opportunities. On May 30, 2019, a beneficiary consultation meeting was conducted to collect beneficiary input and feedback on the land use request. In July 2019, a beneficiary consultation report was submitted to the Hawaiian Homes Commission who voted to approve the issuance of a Right of Entry permit to conduct the necessary due diligence and project feasibility. On January 7, 2020, Right of Entry permit #688 was issued to the Waiohuli Hawaiian Homesteaders Association, Inc.

 

Your Committee has amended this measure by:

 

(1) Changing the authorized amount of the special purpose revenue bonds from $80,000,000 to an unspecified sum; and

 

(2) Deleting references of issuances of special purpose revenue bonds pursuant to part IX of chapter 39A, Hawaii Revised Statutes.

 

Your Committee notes that although the appropriations are blank, the Waihoulu Hawaiian Homesteaders Association, Inc.'s testimony requests an appropriation of $80,000,000 for a special purpose revenue bond.

 

As affirmed by the record of votes of the members of your Committee on Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 776, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 776, H.D. 1, S.D. 1, and be referred to your Committee on Ways and Means.


 

Respectfully submitted on behalf of the members of the Committee on Hawaiian Affairs,

 

 

 

________________________________

MAILE S.L. SHIMABUKURO, Chair