STAND. COM. REP. NO. 1661

 

Honolulu, Hawaii

                

 

RE:    H.B. No. 1130

       H.D. 2

       S.D. 2

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 1130, H.D. 2, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO TRANSIT-ORIENTED DEVELOPMENT,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to require the Office of Planning to hire a contractor to identify and assess alternative financing, project delivery, and cost recovery mechanisms to recapture the State's investment in transit-oriented development infrastructure.

 

     More specifically, this measure:

 

     (1)  Requires the Office of Planning to hire a contractor to consult with various entities to:

 

          (A)  Identify and assess alternative financing, project delivery, and cost recovery mechanisms for the State to recapture its upfront investment in transit-oriented development infrastructure;

 

          (B)  Apply and make recommendations for the implementation of financing, cost recovery, and project delivery tools to one transit-oriented development site in each county; and

 

          (C)  Analyze barriers to, and strategies for, implementing alternative financing, project delivery, and cost recovery mechanisms for transit-oriented developments; and

 

     (2)  Authorizes the Director of Finance to issue general obligation bonds for the Office of Planning to hire the contractor.

 

     Your Committee received written comments in support of this measure from the Hawaii Interagency Council for Transit-Oriented Development, Office of Planning, and Building Industry Association of Hawaii.

 

     Your Committee finds that this measure will facilitate effective strategies for financing and developing infrastructure necessary to serve transit-oriented developments.

 

     Your Committee has amended this measure by:

 

     (1)  Clarifying that the contractor hired pursuant to this measure shall propose specific financing, cost recovery, and project delivery tools to be implemented at one transit-oriented development site in each county as a pilot project;

 

     (2)  Correcting the title of a state official from "Chief of Staff of the Office of the Governor" to the "Administrative Director of the Office of the Governor"; and

 

     (3)  Changing the effective date to July 1, 2050, to facilitate further discussion on the measure.

 

     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 H.B. No. 1130, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1130, H.D. 2, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

________________________________

DONOVAN M. DELA CRUZ, Chair