STAND. COM. REP. NO.  678

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 1667

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Water, Land, Ocean Resources & Hawaiian Affairs, to which was referred H.B. No. 1667 entitled:

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF REVENUE BONDS FOR THE PURCHASE OF LAND TO DEVELOP KALAELOA COMMUNITY DEVELOPMENT DISTRICT,"

begs leave to report as follows:

     The purpose of this bill is to take the next step in realizing the Barbers Point Naval Air Station community reuse plan in the Kalaeloa Community Development District by authorizing the Hawaii Community Development Authority to issue an unspecified sum of revenue bonds for the purchase of the former Barbers Point Naval Air Station.

     The Hawaii Community Development Authority, Hawaii Association of REALTORS, Hoakalei Cultural Foundation, Hawaii Museum of Flying dba Naval Air Museum Barbers Point, Kalaeloa Community Network and Supporters, Haseko (Ewa), Inc., Mikiko Corporation, and a concerned individual testified in support of this bill.  The Chamber of Commerce of Hawaii supported the intent of this measure.  The Department of Budget and Finance, the Department of the Attorney General, and D.R. Horton-Schuler Division provided comments.

     Your Committee has amended this bill by:

     (1)  Changing the effective date to July 1, 2050, to

          encourage further discussion; and

     (2)  Making technical, nonsubstantive amendments for style,

          clarity, and consistency.

     As affirmed by the record of votes of the members of your Committee on Water, Land, Ocean Resources & Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1667, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1667, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Water, Land, Ocean Resources & Hawaiian Affairs,

____________________________

KEN ITO, Chair