STAND. COM. REP. NO. 1259

                                   Honolulu, Hawaii
                                   April 1, 1999

                                   RE:  H.B. No. 1595
                                        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. 1595, H.D. 1, entitled:

     "A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL
     PURPOSE REVENUE BONDS TO ASSIST WASTE PROCESSING
     ENTERPRISES,"

begs leave to report as follows:

     The purpose of this bill is to authorize the issuance of
special purpose revenue bonds to assist Plasma Environmental
Technologies.

     This will help resolve some of the State's waste disposal
problems, by encouraging the private development of one or more
waste processing enterprises to convert waste materials into
usable goods and remove the waste materials from the waste
stream.

     This bill assists Plasma Environmental Technologies in
establishing one or more waste processing facilities by
authorizing the issuance of special purpose revenue bonds in a
total amount not to exceed $60,000,000. 

     Your Committee finds that a waste processing facility may
potentially address a variety of serious disposal problems facing
the State, such as rapidly filling landfills and medical waste
disposal.  Your Committee also recognizes the importance of

 
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                                   STAND. COM. REP. NO. 1259
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ensuring that the public has adequate opportunity to express its
concerns regarding a proposed facility.  Consequently, this bill
provides that if the waste processing facility on Kauai does not
propose an action specified in section 343-5(a), Hawaii Revised
Statutes, the Department of Budget and Finance shall not issue
any special purpose revenue bonds until an environmental impact
statement is prepared and accepted on the waste processing
facility in accordance with the other provisions of chapter 343,
Hawaii Revised Statutes.

     The bill also addresses potential problems regarding the
size of the waste processing facility on Kauai and the temporary
storage and transporting of wastes, by providing that no waste
processing facility on Kauai established through the financing
provided in the bill shall process waste generated from any
county except the county of Kauai.

     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
1595, 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

 
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