STAND. COM. REP. NO. 973
RE: H.B. No. 855
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirtieth State Legislature
Regular Session of 2019
State of Hawaii
Your Committee on Finance, 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:
(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.
The Hawaii Green Infrastructure Authority, Blue Planet Foundation, Environmental Caucus of the Democratic Party of Hawai‘i, and two individuals provided testimony in support of this measure. A concerned individual provided testimony in opposition. The State Procurement Office provided comments.
As affirmed by the record of votes of the members of your Committee on Finance 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 pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
SYLVIA LUKE, Chair