STAND. COM. REP. NO. 919
Honolulu, Hawaii
, 2005
RE: S.B. No. 1006
S.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 1006 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST SEAWATER AIR CONDITIONING PROJECTS ON THE ISLAND OF OAHU,"
begs leave to report as follows:
The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist Honolulu Seawater Air Conditioning LLC with the planning, design, and construction of the chilled water distribution system and balance-of-system components and structures of a district seawater air conditioning system in downtown Honolulu.
Your Committee understands that this seawater air conditioning system project will assist the State in meeting its renewable resource, energy efficiency, and environmental sustainability objectives by:
(1) Using an abundant, indigenous renewable resource, i.e., cold, deep seawater, to provide more than seventy per cent of the cooling load;
(2) Providing energy savings of seventy per cent or more, when compared to conventional air conditioning systems; and
(3) Eliminating the need for cooling towers, thus reducing potable water and toxic chemical use and the production of sewage.
Your Committee has amended this bill by changing its effective date to July 1, 2050, to facilitate further discussion, and making technical nonsubstantive amendments for the purposes of clarity and style.
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. 1006, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1006, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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____________________________ BRIAN T. TANIGUCHI, Chair |
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