Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Water and Land Use, to which was referred S.B. No. 1013, S.D. 3, entitled:

begs leave to report as follows:

The purpose of this bill is to support the provision of infrastructure to accommodate various public and private projects in the Kakaako Makai area by increasing the Hawaii Community Development Authority's (HCDA) tax-exempt public facilities revenue bond authorization from $35,000,000 to an unspecified amount.

HCDA testified in support of this measure, and the Department of Budget and Finance offered comments.

The bond authorization is needed for central parking structures that will support the facilities proposed for the area, including the Bishop Museum's Science Learning Center, the Ocean Science Center, existing facilities, the John A. Burns School of Medicine/Biomedical Research Center, and high tech development projects.

Your Committee has amended this bill by inserting the sum of $150,000,000, thereby conforming this bill with the intent of H.B. No. 537, H.D. 1, which was reported earlier from your Committee. Other technical, nonsubstantive amendments were also made to conform with drafting conventions.

As affirmed by the record of votes of the members of your Committee on Water and Land Use that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1013, S.D. 3, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1013, S.D. 3, H.D. 1, and be referred to the Committee on Finance.