STAND. COM. REP. NO.  475

 

Honolulu, Hawaii

                , 2009

 

RE:   H.B. No. 425

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir:

 

     Your Committee on Energy & Environmental Protection, to which was referred H.B. No. 425 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST HONOLULU SEAWATER AIR CONDITIONING, LLC PROJECTS ON OAHU,"

 

begs leave to report as follows:

 

     The purpose of this bill is to support the development of a renewable and efficient energy system in the state by extending, from June 30, 2009, to June 30, 2014, the authorization to issue special purpose revenue bonds to Honolulu Seawater Air Conditioning, LLC, for the design and construction of a seawater air conditioning/thermal energy storage district cooling system on Oahu.

 

     Honolulu Seawater Air Conditioning, LLC, and the Hawaii Building and Construction Trades Council, AFL-CIO, testified in support of this bill. 

 

     Your Committee has amended this bill by changing its effective date to June 29, 2009.

 

     As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 425, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 425, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,

 

 

 

 

____________________________

HERMINA MORITA, Chair