STAND. COM. REP. NO.  444-16

 

Honolulu, Hawaii

                , 2016

 

RE:   H.B. No. 2238

      H.D. 1

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Sir:

 

     Your Committee on Energy & Environmental Protection, to which was referred H.B. No. 2238 entitled:

 

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR HAWAII RENEWABLE RESOURCES, LLC,"

 

begs leave to report as follows:

 

     The purpose of this measure is to support the development of local, sustainable food production and the use and development of renewable energy systems by authorizing the issuance of special purpose revenue bonds for Hawaii Renewable Resources, LLC.

 

     The Renewable Energy Action Coalition of Hawaii and Ponoholo Ranch Limited supported this measure.  The Department of Budget and Finance submitted comments.

 

     Your Committee has amended this measure by changing the amount of the special purpose revenue bonds authorized to be issued from $30,000,000 to an unspecified sum to facilitate further discussion.

 

     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. 2238, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2238, H.D. 1, and be referred to your Committee on Finance.

 

 

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

 

 

 

 

____________________________

CHRIS LEE, Chair