Report Title:

University of Hawaii; Hawaii Natural Energy Institute

Description:

Transfers general funds into the energy systems development special fund.  Appropriates funds from the energy systems development special fund for the Hawaii natural energy institute.

THE SENATE	S.B. NO.	2765
TWENTY-FOURTH LEGISLATURE, 2008
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO ENERGY.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  In 2007, the legislature passed Act 253, Session Laws of Hawaii 2007, to facilitate the development of renewable energy resources and alternative fuel industry in Hawaii in an effort to reduce our dependence on imported petroleum.  Act 253 established the Hawaii natural energy institute to do the following:

     (1)  Develop renewable sources of energy for power generation and transportation fuels by working in coordination with state agencies, federal agencies, and private entities;

     (2)  Conduct research and development of renewable sources of energy;

     (3)  Demonstrate and deploy efficient energy end-use technologies, including those that address peak electric demand issues; and

     (4)  Aggressively seek matching funding from federal agencies and private entities for its research and development and demonstration activities.

     Act 253 also established the energy systems development special fund to assist the institute in carrying out their activities.

     The legislature finds, however, that sufficient funds need to be appropriated for the energy systems development special fund.

     The purpose of this Act is to make an appropriation for the energy systems development special fund.

     SECTION 2.  There is appropriated out of the general revenues of the State of Hawaii the sum of $           or so much thereof as may be necessary for fiscal year 2008-2009 to be deposited into the energy systems development special fund.

     SECTION 3.  There is appropriated out of the energy systems development special fund the sum of $           or so much thereof as may be necessary for fiscal year 2008-2009 for the Hawaii natural energy institute to carry out the purposes of the special fund.

     The sum appropriated shall be expended by the University of Hawaii for the purposes of this Act.

     SECTION 4.  This Act shall take effect on July 1, 2008.

INTRODUCED BY:

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