CONFERENCE COMMITTEE REP. NO. 127

Honolulu, Hawaii

                 , 2007

RE:    H.B. No. 506

       H.D. 1

       S.D. 1

       C.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir and Madam:

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 506, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ETHANOL,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

     The purpose of this bill is to encourage the continued development of alternative energy sources, thereby reducing the state's dependence on imported fuels, by extending by five years the date by which a qualifying ethanol production facility must be in production to take advantage of the ethanol facility tax credit.

     Your Committee on Conference has amended this bill by changing its effective date to July 1, 2007.

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 506, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 506, H.D. 1, S.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ RON MENOR, Chair	____________________________ HERMINA MORITA, Co-Chair
____________________________ CAROL FUKUNAGA, Co-Chair	____________________________ MELE CARROLL, Co-Chair
____________________________ ROSALYN H. BAKER, Co-Chair