STAND. COM. REP. NO. 1710

Honolulu, Hawaii

                , 2011

RE:   H.C.R. No. 160

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.C.R. No. 160 entitled:

"HOUSE CONCURRENT RESOLUTION REQUESTING AN AUDIT OF ALL ENERGY EFFICIENCY PROJECTS,"

begs leave to report as follows:

     The purpose of this concurrent resolution is to request the Auditor to conduct a comprehensive audit of all energy efficiency projects conducted by State departments and agencies.

     Your Committee heard this concurrent resolution as a proposed draft that would request the Governor to require the reimbursement of the general fund from any non-general fund for the amount of any refundable tax credit under section 235-12.5, HRS, the renewable energy technologies income tax credit.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 160, as amended herein, and recommends its adoption in the form attached hereto as H.C.R. No. 160, H.D. 1.

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

____________________________

MARCUS R. OSHIRO, Chair