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 S.B. No. 2908, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to assist Central Oahu Recycling and Disposal Facility, Inc., in acquiring land, planning, designing, and constructing a private solid waste recycling and disposal facility on Oahu by authorizing the issuance of $25,000,000 in special purpose revenue bonds.

Central Oahu Recycling and Disposal Facility, Inc., Eco-Feed, Inc., Norfolk Group, Inc., and an individual testified in support of this measure. The Department of Health, Honolulu Board of Water Supply, and The Nature Conservancy of Hawaii offered comments.

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 S.B. No. 2908, S.D. 1, and recommends that it pass Third Reading.