STAND. COM. REP. NO.  612-14

 

Honolulu, Hawaii

                , 2014

 

RE:   H.B. No. 1741

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1741 entitled:

 

"A BILL FOR AN ACT RELATING TO COUNTY INFRASTRUCTURE CAPACITY BUILDING CONSTRUCTION FINANCING,"

 

begs leave to report as follows:

 

     The purpose of this measure is to create and appropriate start-up funds for an infrastructure capacity construction loan revolving fund to provide loans to the counties, state agencies, and private developers to finance the costs of improvements to increase the capacity of infrastructure facilities, including regional sewer, water, and drainage systems and roads.

 

     The Department of Planning and Permitting of the City and County of Honolulu, Chamber of Commerce of Hawaii, Pacific Resource Partnership, and Building Industry Association of Hawaii supported this measure.  The Department of Budget and Finance, Department of Commerce and Consumer Affairs, and the Department of Business, Economic Development, and Tourism commented on this measure.  

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1741 and recommends that it pass Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair