Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 492 entitled:

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of $100,000,000 in general obligation bonds to fund energy efficiency and renewable energy technologies in state facilities and schools.

Specifically, this measure provides financing for sea water air conditioning, wind energy systems, solar thermal technology systems, photovoltaic systems, and other energy efficient measures including more efficient lighting, motors, air conditioning, energy management systems, and electric and hybrid motor vehicles.

Your Committee finds that part II of Act 77, Session Laws of Hawaii 2002, requires the State to significantly improve its energy management in state facilities in order to save taxpayer dollars and reduce emissions that contribute to air pollution and global climate change.

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. 492 and recommends that it pass Third Reading.