STAND. COM. REP. NO.  855

Honolulu, Hawaii

                , 2009

RE:   H.B. No. 1628

      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. 1628 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST BIOENERGY HAWAII, LLC,"

begs leave to report as follows:

     The purpose of this bill is to authorize the issuance of up to $100,000,000 in special purpose revenue bonds to assist BioEnergy Hawaii, LLC.

     BioEnergy Hawaii, LLC, and Pacific Waste, Inc., testified in support of this bill.  The Department of Budget and Finance submitted comments.

     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. 1628, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1628, H.D. 1.

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

____________________________

MARCUS R. OSHIRO, Chair