STAND. COM. REP. NO. 1101
Honolulu, Hawaii
, 2005
RE: S.B. No. 1117
S.D. 1
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Energy & Environmental Protection, to which was referred S.B. No. 1117, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST UTILITIES SERVING THE GENERAL PUBLIC,"
begs leave to report as follows:
The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist Hawaiian Electric Company, Inc., Maui Electric Company, Limited, and Hawaii Electric Light Company, Inc. with the financing of capital improvement projects.
The Division of Consumer Advocacy, Department of Commerce and Consumer Affairs, and Hawaiian Electric Company, Inc., Maui Electric Company, Limited, and Hawaii Electric Light Company, Inc. testified in support of this bill.
Your committee has amended this bill by:
(1) Making a technical nonsubstantive change for clarity and style; and
(2) Changing the effective date to July 1, 2010 to facilitate further discussion.
As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1117, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1117, S.D. 1, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,
____________________________ HERMINA MORITA, Chair |
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