STAND. COM. REP. 2324

Honolulu, Hawaii

, 2004

RE: S.B. No. 3004

S.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Energy and Environment, to which was referred S.B. No. 3004 entitled:

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

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds for Honolulu Seawater Air Conditioning LLC for the design and construction of a seawater system for a district cooling system in downtown Honolulu.

Honolulu Seawater Air Conditioning LLC submitted testimony supporting the measure.

Your Committee believes that the energy savings from the use of seawater air conditioning/thermal energy storage cooling system technology will be significant and contribute to the diversification of energy alternatives for the State.

Your Committee has amended the measure by changing the effective date to July 1, 2004 to coincide with the beginning of the State's fiscal year.

 

As affirmed by the record of votes of the members of your Committee on Energy and Environment that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3004, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 3004, S.D. 1, and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Energy and Environment,

____________________________

J. KALANI ENGLISH, Chair