STAND. COM. REP. NO. 2946

                                   Honolulu, Hawaii
                                                     , 2000

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




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Economic Development, 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 measure is to authorize the issuance of
special purpose revenue bonds not to exceed $50,000,000 to assist
Worldwide Energy Group, Inc., in planning, design, construction,
and operation of the Hawaii Sugar Ethanol Projects on Kauai and
other appropriate locations.

     Testimony in favor of this measure was submitted by the
Department of Business, Economic Development, and Tourism,
Worldwide Energy Group, Inc., Gay & Robinson, Inc., and the `Aina
Institute.  The Department of Budget and Finance submitted
comments.

     Your Committee finds that local production of ethanol could
provide energy, environmental, and economic benefits to Hawaii,
and that the State's Transportation Energy Strategy recommends
support for local ethanol production.

     As affirmed by the record of votes of the members of your
Committee on Economic Development 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 Second
Reading and be referred to the Committee on Ways and Means.

 
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                                   STAND. COM. REP. NO. 2946
                                   Page 2



                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Economic
                                   Development,



                                   ______________________________
                                   LORRAINE R. INOUYE, Chair

 
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