STAND. COM. REP. NO.646

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 Committee on Finance, to which was referred H.B. No. 1309 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"

begs leave to report as follows:

The purpose of this bill is to:

(1) Increase the amount of special purpose revenue bonds (SPRBs) originally authorized by Act 208, Session Laws of Hawaii 2000, for a chilled water cooling system for the downtown Honolulu business district; and

(2) Extend the SPRB authorization period by an additional year.

The Department of Business, Economic Development, and Tourism testified in support of 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. 1309 and recommends that it pass Third Reading.

 

 

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

____________________________

DWIGHT Y. TAKAMINE, Chair