STAND. COM. REP. NO. 1252

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 1287
                                        H.D. 1
                                        




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred H.B.
No. 1287, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL
     PURPOSE REVENUE BONDS TO ASSIST THE GAS UTILITY SERVING THE
     GENERAL PUBLIC,"

begs leave to report as follows:

     The purpose of this bill is to authorize the issuance of
special purpose revenue bonds and refunding special purpose
revenue bonds to assist the gas utility in providing gas service
to the general public. 

     Your Committee finds that the provision of utility service
to the public, such as gas service, is important to the public
health, safety, and welfare.  Gas is used for a variety of home
functions including cooking and hot water for washing, clothes
drying and the like.  It is a good alternative to electricity if
the power goes out.  The bonds authorized by this measure will be
used by The Gas Company to finance capital improvements to the
underground transmission and distribution pipeline system.

     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your

 
a                                                     HB1287 HD1
 
 
 
 
                                   STAND. COM. REP. NO. 1252
                                   Page 2


Committee is in accord with the intent and purpose of H.B. No.
1287, H.D. 1, and recommends that it pass Third Reading.

                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
a                                                     HB1287 HD1