STAND. COM. REP. NO.  288-16

Honolulu, Hawaii

                , 2016

RE:   H.B. No. 2027

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committee on Water & Land, to which was referred H.B. No. 2027 entitled:

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

begs leave to report as follows:

The purpose of this measure is to increase the capacity of the State's sewer, water, drainage, road, telecommunications, and broadband infrastructure by:

     (1)  Establishing the Infrastructure Capacity Construction Loan Revolving Fund (Fund) to provide loans to the counties, state agencies, and private developers for infrastructure improvements; and

     (2)  Appropriating funds:

          (A)  To make loans to the counties, state agencies, or private developers for the costs of infrastructure improvements; and

          (B)  For the implementation, administration, and coordination of the Fund by the Department of Accounting and General Services.

The Building Industry Association of Hawaii, Chamber of Commerce Hawaii, Hawaii Association of Realtors, Land Use Research Foundation of Hawaii, and an individual 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. 2027 and recommends that it pass Second Reading and be referred to your Committee on Finance.

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

____________________________

RYAN I. YAMANE, Chair