Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1331 entitled:

begs leave to report as follows:

The purpose of this bill is to improve solid waste disposal by authorizing the issuance of $100,000,000 in special purpose revenue bonds to assist Jacoby Development, Inc., with planning, designing, constructing, and equipping of, and the acquisition of lands for, a plasma municipal solid waste processing system to convert solid wastes into electricity, and chemically and biologically inert slag.

The Representative of the 44^th District, Jacoby Development, Inc., Geoplasma, LLC, Oahu Council of the Association of Hawaiian Civic Clubs, Waianae Valley Homestead Community Association, State Council of Hawaiian Homestead Associations, and several concerned individuals supported this bill. The Department of Budget and Finance offered comments.

Your Committee has amended this bill by:

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 H.B. No. 1331, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1331, H.D. 1.