STAND. COM. REP. NO. 904
Honolulu, Hawaii
, 2013
RE: H.B. No. 856
H.D. 2
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2013
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 856, H.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO GREEN INFRASTRUCTURE,"
begs leave to report as follows:
(1) Establishing the Hawaii Green Infrastructure Authority within DBEDT to administer the Hawaii Green Infrastructure Loan Program;
(2) Establishing funding mechanisms to ensure the sustainability of the loan program, including the creation of a green infrastructure bond special fund and a green infrastructure special fund;
(3) Establishing procedures for the Public Utilities Commission, through the electric utilities, to implement fees and on-bill financing to effectuate the purposes of the loan program;
(4) Allowing DBEDT to issue revenue bonds to
effectuate the purposes of the loan program; and
(5) Requiring an annual report from the Hawaii Green Infrastructure Authority and the inclusion of information in the annual report of the Public Utilities Commission regarding the financing and progress of the Hawaii Green Infrastructure Loan Program.
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. 856, H.D. 2, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ SYLVIA LUKE, Chair |
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