STAND. COM. REP. NO. 1336

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 1226

       H.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 1226, H.D. 1, entitled:

 

"A BILL FOR AN ACT MAKING AN EMERGENCY APPROPRIATION FOR ELECTRICITY PAYMENTS STATEWIDE,"

 

begs leave to report as follows:

 

     The purpose of this measure is to provide emergency funding for electricity payments for facilities managed by the Department of Accounting and General Services statewide. 

 

Specifically, the measure appropriates $626,000 for fiscal year 2006-2007, to be expended by the Department of Accounting and General Services.

 

     Testimony in support of this measure was submitted by the Department of Accounting and General Services.

 

     Your Committee finds that world oil prices have fluctuated at unpredictable levels and have directly contributed to this funding shortfall.  Your Committee further finds that without an emergency appropriation for electricity costs, the State would have to defer payment and would incur late payment interest charges.

 

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. 1226, H.D. 1, and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

 

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

 

 

 

____________________________

ROSALYN H. BAKER, Chair