Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2094, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of up to $55,000,000 in special purpose revenue bonds to assist Pacific Wind Energy LLC in the construction of three wind energy conversion systems facilities on Maui, South Point on the island of Hawaii, and North Kohala, also on the island of Hawaii.

Pacific Wind Energy LLC and Sierra Club, Hawaii Chapter, testified in support of this measure.

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. 2094, H.D. 1, and recommends that it pass Third Reading.