STAND. COM. REP. NO.  696

 

Honolulu, Hawaii

                , 2015

 

RE:   H.B. No. 801

      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. 801, H.D. 1, entitled:

 

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR SUNSTRONG LLC, A RENEWABLE ENERGY DEVELOPER SERVING THE GENERAL PUBLIC IN PROVIDING ELECTRIC ENERGY,"

 

begs leave to report as follows:

 

     The purpose of this measure is to support the growth of renewable energy and the reduction of fossil fuel use in Hawaii by authorizing the issuance of special purpose revenue bonds to assist SunStrong LLC in providing renewable energy projects in the State.

 

     Kitahata & Company supported this measure.  The Department of the Attorney General, Department of Budget and Finance, and SunStrong LLC provided comments on this measure.

 

     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. 801, 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