STAND. COM. REP. NO. 813-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2183
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
2183, H.D. 1, entitled: 

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

begs leave to report as follows:

     The purpose of this bill is to assist Worldwide Energy
Group, Inc., a Hawaii corporation, with the development of fuel
grade ethanol production facilities on Kauai by authorizing the
issuance of $50,000,000 in special purpose revenue bonds.

     Gay and Robinson, Inc. and Worldwide Energy Group, Inc.,
supported this bill.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
2183, H.D. 1, and recommends that it pass Third Reading.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair