STAND. COM. REP. NO.  1188

 

Honolulu, Hawaii

                , 2009

 

RE:   S.B. No. 1633

      S.D. 2

 

 

 

 

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 S.B. No. 1633, S.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST EPOD, INC., IN THE DEVELOPMENT OF RENEWABLE ENERGY ON THE ISLAND OF OAHU,"

 

begs leave to report as follows:

 

     The purpose of this bill is to facilitate the development of solar energy production in Hawaii by authorizing the issuance of special purpose revenue bonds to assist Epod, Inc., with various costs associated with a solar panel manufacturing plant and solar farm power plant in Hawaii.

 

     Epod Solar Inc., and Sennet Capital LLC supported this bill.  The Department of Budget and Finance and a concerned individual submitted comments.

 

     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 S.B. No. 1633, S.D. 2, and recommends that it pass Second Reading 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