STAND. COM. REP. NO. 1269

Honolulu, Hawaii

RE:    H.B. No. 1483

       H.D. 1

       S.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred H.B. No. 1483, H.D. 1, 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 measure is to authorize the issuance of special purpose revenue bonds to assist Better Place Hawaii, Inc., in developing transportation infrastructure to support electric vehicles.

     Your Committee received two written comments on this measure.  Written comments may be reviewed on the Legislature's website.

     Your Committee finds that the development of alternatives to fossil fuel-based modes of transportation is essential to Hawaii's long-term energy goals.  Specifically, the development of renewable energy transportation will support the State's renewable energy goals.

     Your Committee has amended this measure by changing the effective date to July 1, 2090, to facilitate continued discussion of the measure.

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

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DONNA MERCADO KIM, Chair