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 |
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ON THE PART OF THE SENATE |
____________________________ SEAN QUINLAN Co-Chair |
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____________________________ MAILE S.L. SHIMABUKURO Chair |
____________________________ DANIEL HOLT Co-Chair |
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____________________________ DRU KANUHA Co-Chair |
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