STAND. COM. REP. NO. 3548

Honolulu, Hawaii

RE:    H.B. No. 1853

       H.D. 2

       S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred H.B. No. 1853, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS TO ASSIST BIOENERGY HAWAII, LLC,"

begs leave to report as follows:

     The purpose and intent of this measure is to extend an existing authorization for the issuance of special purpose revenue bonds to assist BioEnergy Hawaii, LLC, from June 30, 2016, to June 30, 2021.

     Your Committee received written comments in support of this measure from BioEnergy Hawaii, LLC; Pacific Waste, Inc.; and Aha Moku Advisory Committee.

     Your Committee recognizes that Act 89, Sessions Laws of Hawaii 2011, authorized the issuance of special purpose revenue bonds to assist BioEnergy Hawaii, LLC, for the purpose of establishing a cogeneration facility and related energy production facilities.  Your Committee finds that this measure will provide BioEnergy Hawaii, LLC, with additional time to fulfill the requirements necessary for issuance of the bonds.  Your Committee also finds that extending the existing authorization of the issuance of special purpose revenue bonds to BioEnergy Hawaii, LLC, is in the public interest and for the public health, safety, and general welfare.

     Your Committee has amended this measure by changing its effective date to June 29, 2016.

     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 H.B. No. 1853, H.D. 2, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1853, H.D. 2, S.D. 1.

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

________________________________

JILL N. TOKUDA, Chair