STAND. COM. REP. NO. 948

                                   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 Commerce and Consumer Protection, 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 measure 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. 

     The Gas Company presented testimony in support of this
measure.

     Your Committee finds that the bonds authorized by this
legislation will be used by The Gas Company to finance capital
improvements to the underground transmission and distribution
pipeline system.  Your Committee also finds that the proposed
capital improvements serve a public interest that is related to
the general public health, safety, and welfare of the residents
of this State. 

     As affirmed by the record of votes of the members of your
Committee on Commerce and Consumer Protection that is attached to
this report, your Committee is in accord with the intent and
purpose of H.B. No. 1287, H.D. 1, and recommends that it pass

 
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                                   STAND. COM. REP. NO. 948
                                   Page 2


Second Reading and be referred to the Committee on Ways and
Means.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Commerce and
                                   Consumer Protection,



                                   ______________________________
                                   BRIAN KANNO, Co-Chair



                                   ______________________________
                                   BRIAN T. TANIGUCHI, Co-Chair

 
a                                                     HB1287 HD1