Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2908 entitled:

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of $25,000,000 in special purpose revenue bonds to assist Central Oahu Recycling and Disposal Facility, Inc. to acquire land, plan, design, and construct a private solid waste recycling and disposal facility on Oahu.

Your Committee finds that Oahu's landfill is expected to reach maximum capacity in the near future. The recycling and disposal facility established in this measure will reduce the stress on existing facilities by diverting materials for recycling that currently are disposed in the landfill. The project will create new construction and engineering jobs, as well as permanent employment when the facility opens. Your Committee believes that the proposed recycling and disposal facility will encourage residents to recycle and reduce the amount of solid waste generated on Oahu.

Upon further consideration, your Committee has amended this measure by:

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2908, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2908, S.D. 1.