STAND. COM. REP. NO.  1266

Honolulu, Hawaii

                , 2009

RE:   S.B. No. 442

      S.D. 2

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir:

     Your Committees on Housing and Water, Land, & Ocean Resources, to which was referred S.B. No. 442, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TRANSIT ORIENTED DEVELOPMENT,"

beg leave to report as follows:

     The purpose of this bill is to create the County Infrastructure Development Revolving Loan Fund (Fund) to provide no-interest loans to the counties for the development, pre-development, or construction of infrastructure projects to expedite the building of transit-oriented development, particularly those involving affordable housing.

     The Office of Hawaiian Affairs, Honolulu Department of Planning and Permitting, Building Industry Association of Hawaii, Land Use Research Foundation of Hawaii, and several concerned individuals supported this bill.

     Your Committees have amended this bill by:

     (1)  Clarifying that the Fund is to provide loans to promote rail transit-oriented development; and

     (2)  Clarifying that the emphasis on projects involving affordable housing does not include mixed-use projects.

     As affirmed by the records of votes of the members of your Committees on Housing and Water, Land, & Ocean Resources that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 442, S.D. 2, H.D. 1, as amended herein, and recommend that it be referred to the Committee on Finance in the form attached hereto as S.B. No. 442, S.D. 2, H.D. 2.

Respectfully submitted on behalf of the members of the Committees on Housing and Water, Land, & Ocean Resources,

____________________________ KEN ITO, Chair

____________________________ RIDA CABANILLA, Chair