CONFERENCE COMMITTEE REP. NO. 21

 

Honolulu, Hawaii

                 , 2021

 

RE:    S.B. No. 1412

       S.D. 2

       H.D. 2

       C.D. 1

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

 

Sirs:

 

     Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 1412, S.D. 2, H.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR THE HONOKEA SURF VILLAGE,"

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist HK Management LLC, in planning, designing, constructing, reconstructing, renovating, acquiring, equipping, and improving surf industry center facilities.

 

     Your Committee on Conference finds that HK Management, LLC proposes to develop a surf industry center on state lands, which will include facilities for research, development, manufacturing, and a testing and surf and aquatic film studio.  Moreover, the activities within the project facilities will provide opportunities for cultural education, awareness of the history of surfing and Hawaiian culture, employment opportunities, smart tourism, and economic development.

 

     Your Committee on Conference has amended this measure by authorizing the issuance of special purpose revenue bonds in an amount not to exceed $95,000,000 to assist HK Management LLC in the development of surf industry center facilities.

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 1412, S.D. 2, H.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 1412, S.D. 2, H.D. 2, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE HOUSE

 

ON THE PART OF THE SENATE

 

____________________________

SEAN QUINLAN

Co-Chair

 

____________________________

MAILE S.L. SHIMABUKURO

Chair

____________________________

DANIEL HOLT

Co-Chair

 

____________________________

DRU KANUHA

Co-Chair