STAND. COM. REP. NO. 1396_______

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 813
                                     S.D. 2
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Consumer Protection and Commerce, to which
was referred S.B. No. 813, S.D. 2, entitled: 

     "A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL
     PURPOSE REVENUE BONDS TO ASSIST THE GAS UTILITY IN 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.

     Testimony in support of this measure was received from The
Gas Company.

     To assure further discussion of this measure, your Committee
has amended this bill by replacing its contents with that of H.B.
1287, H.D. 1, which is substantially similar to the Senate bill.
H.B. 1287, H.D. 1 was passed out earlier this session by your
Committee.

     As affirmed by the record of votes of the members of your
Committee on Consumer Protection and Commerce that is attached to
this report, your Committee is in accord with the intent and
purpose of S.B. No. 813, S.D. 2, as amended herein, and
recommends that it be referred to the Committee on Finance, in
the form attached hereto as S.B. No. 813, S.D. 2, H.D. 1.

 
 
                                 STAND. COM. REP. NO. 1396_______
                                 Page 2

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



                                   ______________________________
                                   RON MENOR, Chair