STAND. COM. REP. NO.  792-16

 

Honolulu, Hawaii

                , 2016

 

RE:   H.B. No. 2593

      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 Finance, to which was referred H.B. No. 2593, H.D. 1, 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 sustainable food production and the development and use of renewable energy by authorizing the issuance of special purpose revenue bonds to assist Hawaii Renewable Resources, LLC, with the development of facilities for food crops, animal feed, and renewable non-fossil fuel production on Oahu.

 

     The Department of Agriculture, Agribusiness Development Corporation, Hawaii Renewable Resources, LLC, and Renewable Energy Action Coalition of Hawaii provided testimony in support of the measure.  The Department of Budget and Finance provided comments.

 

     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. 2593, H.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

SYLVIA LUKE, Chair