STAND. COM. REP. NO.  205-14

Honolulu, Hawaii

                , 2014

RE:   H.B. No. 2326

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Water & Land, to which was referred H.B. No. 2326 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 improve public safety by proposing an amendment to the Hawaii State Constitution that authorizes the State to issue special purpose revenue bonds and use the proceeds from the issued bonds to financially assist dam and reservoir owners with enhancing dam and reservoir safety.

The Department of Budget and Finance, Department of Land and Natural Resources, Alexander & Baldwin, Inc., and Hawaiian Commercial and Sugar Company testified in support of this measure.

     As affirmed by the record of votes of the members of your Committee on Water & Land that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2326 and recommends that it pass Second Reading and be referred to the Committee on Judiciary.

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

____________________________

CINDY EVANS, Chair