STAND. COM. REP. NO.  241-12

Honolulu, Hawaii

                , 2012

RE:   H.B. No. 2594

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

Sir:

     Your Committee on Water, Land, & Ocean Resources, to which was referred H.B. No. 2594 entitled:

"A BILL FOR AN ACT PROPOSING AN AMENDMENT TO ARTICLE VII, SECTION 12, OF THE HAWAII STATE CONSTITUTION TO ASSIST DAM AND RESERVOIR OWNERS,"

begs leave to report as follows:

The purpose of this measure is to propose an amendment to the Hawaii State Constitution to authorize the State to issue special purpose revenue bonds and use the proceeds to assist dam and reservoir owners to bring their facilities up to current safety standards.

The Department of Land and Natural Resources, Department of Budget and Finance, Board of Agriculture, Hawaii Cattlemen's Council, Inc., Alexander and Baldwin, Ka‘u Farm Bureau, and Hawaii Farm Bureau Federation testified in support of this measure.

     Your Committee has amended this measure by making technical, nonsubstantive amendments for clarity and style.

     As affirmed by the record of votes of the members of your Committee on Water, Land, & Ocean Resources that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2594, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2594, H.D. 1, and be referred to the Committee on Judiciary.

Respectfully submitted on behalf of the members of the Committee on Water, Land, & Ocean Resources,

____________________________

JERRY L. CHANG, Chair