STAND. COM. REP. NO. 192

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 1184

       S.D. 1

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Water, Land, and Housing, to which was referred S.B. No. 1184 entitled:

 

"A BILL FOR AN ACT RELATING TO DEVELOPMENT INFRASTRUCTURE,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to establish an Infrastructure Development Loan Revolving Fund to be administered by the Department of Budget and Finance in order to provide no-interest loans for infrastructure improvements that support transit-oriented development.

 

     Your Committee received testimony in support of this measure from the Department of Planning and Permitting of the City and County of Honolulu.  Your Committee received comments on this measure from the Department of Budget and Finance.

 

     Your Committee finds that while transit-oriented development offers many benefits to the State including pedestrian friendly communities and the reduction of traffic congestion, air pollution, urban sprawl, and dependence on imported oil, it also requires significant capacity upgrades of existing infrastructure.  Your Committee recognizes that the State has a role in supporting transit-oriented development and that there is a need to provide another financing resource without unduly draining the state budget.  This measure establishes a fund to address this need.

 

     Your Committee has amended this measure by making technical nonsubstative amendments for the purposes of clarity and consistency.

 

     As affirmed by the record of votes of the members of your Committee on Water, Land, and Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1184, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1184, S.D. 1, and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committee on Water, Land, and Housing,

 

 

 

____________________________

DONOVAN M. DELA CRUZ, Chair