STAND. COM. REP. NO.271
Honolulu, Hawaii
, 2001
RE: H.B. No. 1309
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committees on Economic Development and Business Concerns and Water and Land Use, to which was referred H.B. No. 1309 entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"
beg leave to report as follows:
The purpose of this bill is to increase the amount of special purpose revenue bonds from $19,000,000 to $38,000,000 that may be issued to assist Rickmar Properties, Inc., with one or more of the following:
(1) Establishment of a distribution system through which chilled water produced at a water cooling facility will be moved to buildings wishing to be connected to the cooling facility; and
(2) The financing, refinancing, or both, of the costs related to the planning, design, and construction of the distribution system.
In addition, this bill also extends the deadlines for the special purpose revenue bond authorization and the submittal of a report to the Legislature regarding the status of the special purpose revenue bond authorization.
The Department of Business, Economic Development, and Tourism and Rickmar Properties, Inc., testified in support of the measure.
As affirmed by the records of votes of the members of your Committees on Economic Development and Business Concerns and Water and Land Use that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1309 and recommend that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committees on Economic Development and Business Concerns and Water and Land Use,
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____________________________ EZRA KANOHO, Chair |
____________________________ LEI AHU ISA, Chair |
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