STAND. COM. REP. NO.  852

Honolulu, Hawaii

                , 2009

RE:   H.B. No. 1483

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1483 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR BETTER PLACE HAWAII, INC,"

begs leave to report as follows:

     The purpose of this bill is to help create an infrastructure to support the use of alternatives to fossil fuel-based modes of transportation by authorizing the issuance of special purpose revenue bonds to assist Better Place Hawaii, Inc., in the planning, design, construction, and development of transportation infrastructure, equipment, and apparatus to support electric vehicles in Hawaii.

     Better Place Hawaii, Inc., the Hawaii Building and Construction Trades Council, AFL-CIO, Life of the Land, and Enterprise Honolulu supported this bill.

     Your Committee has amended this bill by changing the effective date to July 1, 2009.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1483, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1483, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair