STAND. COM. REP. NO. 2634

Honolulu, Hawaii

RE:    S.B. No. 3008

       S.D. 1

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 3008, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST ANAERGIA INC,"

begs leave to report as follows:

     The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds to assist Anaergia Inc. with the development of facilities for renewable non-fossil fuel energy production on Maui.

     Your Committee received written comments in support of this measure from Ulupono Initiative.  Written comments in opposition to this measure were received from Zero Waste Campaign Maui and two individuals.  Written comments were received from the Department of Budget and Finance.

     Your Committee finds that the development of facilities for renewable non-fossil fuel energy production on Maui will contribute to the State's goals of achieving energy independence from sources of oil, encouraging local renewable energy production, creating jobs, and reducing the State's municipal solid waste.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3008, S.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair