STAND. COM. REP. 1334
Honolulu, Hawaii
, 2003
RE: S.B. No. 506
H.D. 2
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Finance, to which was referred S.B. No. 506, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO GEOTHERMAL ROYALTIES,"
begs leave to report as follows:
The purpose of this bill is to support research and development of hydrogen power in Hawaii by appropriating $100,000 in each of fiscal years 2003-2004 and 2004-2005 from the geothermal royalties in the Special Land and Development Fund for the State's cost share for the Hawaii Power Park Project through phases 2 and 3.
The Department of Business, Economic Development, and Tourism, Department of Land and Natural Resources, and Office of Hawaiian Affairs testified in support of this measure.
Your Committee has amended this bill by:
(1) Changing the appropriation amount to $1 to facilitate further discussion; and
(2) Making technical, nonsubstantive amendments for purposes of clarity and style.
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. 506, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 506, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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