Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Energy and Environmental Protection, to which was referred S.B. No. 2713, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to promote the revitalization of contaminated urban areas by establishing a revolving fund to provide low interest loans for the cleanup of brownfields properties in Hawaii.

The Office of Planning of the Department of Business, Economic Development, and Tourism (DBEDT), Department of Health, and the Chamber of Commerce of Hawaii supported this measure.

It is anticipated that DBEDT will receive up to $3,000,000 in seed money to capitalize the Brownfields Cleanup Revolving Loan Fund from the U.S. Environmental Protection Agency. Your Committee finds that this opportunity will facilitate much-needed economic growth and improve the quality of life in Hawaii.

As affirmed by the record of votes of the members of your Committee on Energy and Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2713, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.