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. 369, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to address Hawaii's used oil disposal problem by authorizing the issuance of $2,500,000 in special purpose revenue bonds to assist Environmental Recycling Technologies, Inc., in building a re-refinery facility to convert used oil and petroleum waste into No. 2 diesel fuel.

Environmental Recycling Technologies, Inc., testified in support of this measure and the Department of Health offered comments.

Your Committee has amended this bill to correct certain typographic and stylistic errors.

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. 369, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 369, H.D. 2.