STAND. COM. REP. NO.  1131

Honolulu, Hawaii

                , 2013

RE:   S.B. No. 23

      S.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Sir:

     Your Committees on Energy & Environmental Protection and Economic Development & Business, to which was referred S.B. No. 23, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST A SEAWATER AIR CONDITIONING PROJECT,"

beg leave to report as follows:

The purpose of this measure is to continue to support the development of efficient energy systems in Hawaii by authorizing the issuance of special purpose revenue bonds of up to $200,000,000, for Kaiuli Energy, LLC to plan, design, and construct a seawater air conditioning district cooling system in and around Waikiki, on the island of Oahu.

The High Technology Development Corporation, Kaiuli Energy, Life of the Land Hawaii, Ulupono Initiative, and Blue Planet Foundation testified in support of this measure.  The Department of Budget and Finance provided comments.

     As affirmed by the records of votes of the members of your Committees on Energy & Environmental Protection and Economic Development & Business that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 23, S.D. 1, and recommend that it pass Second Reading and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committees on Energy & Environmental Protection and Economic Development & Business,

____________________________ CLIFT TSUJI, Chair

____________________________ CHRIS LEE, Chair