STAND. COM. REP. NO.  495-14

Honolulu, Hawaii

                , 2014

RE:   H.B. No. 1731

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Energy & Environmental Protection, to which was referred H.B. No. 1731 entitled:

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR THE PROCESSING OF SEWAGE INTO SEWAGE DERIVED FUEL,"

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds for the processing of sewage into sewage derived fuel.

Lyon Associates, Inc. and a concerned individual testified in support of this measure.  The Department of Budget and Finance commented on this measure.  

     Your Committee has amended this measure by:

     (1)  Identifying "Clean Communities, LLC, a Hawaii corporation" as the entity that will be assisted by the issuance of the special purpose revenue bonds; and

     (2)  Changing the effective date to July 1, 2345, to encourage further discussion.

     As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1731, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1731, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,

____________________________

CHRIS LEE, Chair