STAND. COM. REP. NO. 339
Honolulu, Hawaii
, 2007
RE: H.B. No. 1912
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Fourth State Legislature
Regular Session of 2007
State of Hawaii
Sir:
Your Committee on Energy & Environmental Protection, to which was referred H.B. No. 1912 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST BIODIESEL PROJECTS FOR ELECTRICAL GENERATION ON THE ISLAND OF MAUI,"
begs leave to report as follows:
The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist BlueEarth Maui Biodiesel, LLC, with the construction of a biodiesel refinery on Maui.
Your Committee received testimony in support of the measure from the Department of Business, Economic Development, and Tourism. Comments on the measure were received from the Department of Budget and Finance, BlueEarth Biofuels, LLC, and Life of the Land.
Your Committee finds that construction of a biodiesel refinery will supply a renewable source of fuel for electrical generation to replace petroleum-based fuel in diesel-powered generators. Your Committee further finds that support for the growth of Hawaii's bioenergy industry will create more high paying high technology jobs and comports with the goals of the State's renewable portfolio standard and alternate fuels standard.
Your Committee finds that although there were concerns expressed regarding BlueEarth Maui Biodiesel, LLC, itself the type of project proposed by BlueEarth Maui Biodiesel, LLC deserves support.
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 H.B. No. 1912 and recommends that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,
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____________________________ HERMINA MORITA, Chair |
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