STAND. COM. REP. NO. 1099

Honolulu, Hawaii

RE:    H.B. No. 1286

       H.D. 2

       S.D. 1

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred H.B. No. 1286, H.D. 2, S.D. 1, 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 and intent of this measure is to authorize the issuance of up to $100,000,000 in special purpose revenue bonds to assist BioEnergy Hawaii, LLC, in establishing a cogeneration facility and related energy production facilities for electrical output or biofuels energy, or both.

     Your Committee received comments in support of this measure from Guy Kaniho, General Manager, BioEnergy Hawaii, LLC; and Dante Carpenter, Member, Board of Directors, Pacific Waste Inc.  Your Committee received comments on this measure from Kalbert K. Young, Director, Department of Budget and Finance.

     Your Committee finds that the benefits of the development of cogeneration facilities include reduced greenhouse gas emissions, reduced landfill waste streams, reduced transportation and disposal costs, job creation, the promotion of renewable energy, and reduced dependence on imported fossil fuels.

     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. 1286, H.D. 2, S.D. 1, and recommends that it pass Third Reading.

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

____________________________

DAVID Y. IGE, Chair