Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Water, Land, and Agriculture, to which was referred S.B. No. 386 entitled:

begs leave to report as follows:

The purpose of this measure is to amend the law relating to water.

Your Committee has amended this measure by replacing its contents with language that authorizes the issuance of general obligation bonds for the exploration of potential water sources and to establish an exploratory and production well in the Ocean View area on the island of Hawaii.

As affirmed by the record of votes of the members of your Committee on Water, Land, and Agriculture that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 386, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 386, S.D. 1, and be recommitted to the Committee on Water, Land, and Agriculture, for further consideration.