STAND. COM. REP. NO.  860

 

Honolulu, Hawaii

                , 2015

 

RE:   H.B. No. 139

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 139 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST ANAERGIA INC.,"

 

begs leave to report as follows:

 

     The purpose of this measure is to support the development of renewable and efficient energy systems by supporting two projects to be built, owned, and operated by Anaergia, Inc. through the issuance of special purpose revenue bonds.

 

     The Office of the Mayor for the County of Maui; a Council Member for the Maui County Council; Maui Chamber of Commerce; Ulupono Initiative; Go Maui, Inc.; and a few individuals supported the measure.  Zero Waste Kauai and many individuals provided testimony in opposition to this measure.  The Department of Budget and Finance; Anaergia Services, LLC; and two concerned individuals submitted comments.

 

     Your Committee has amended this measure by:

 

     (1)  Changing the amount of the bond authorization to an unspecified amount;

 

     (2)  Changing the effective date to July 1, 2030, to allow for further discussion; and

 

     (3)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     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. 139, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 139, H.D. 1.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair