STAND. COM. REP. NO. 3477

Honolulu, Hawaii

RE:    H.B. No. 2681

       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. 2681, H.D. 2, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR WAILUKU RESERVOIR #6,"

begs leave to report as follows:

     The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds for the purpose of providing financing to properly breach, modify, or provide improvements to Wailuku Reservoir No. 6.

     Your Committee received written comments in support of this measure from the Department of Land and Natural Resources, American Society of Civil Engineers, and one individual.

     Your Committee received written comments on this measure from the Department of Budget and Finance.

     Your Committee finds that Wailuku Reservoir No. 6 is an off-stream reservoir in Wailuku on the island of Maui.  The reservoir is a storm water retention structure and is surrounded by residential developments.  Due to the reservoir's proximity to residential developments, a failure of the reservoir would likely result in a loss of human life.  Your Committee believes that with sufficient funding, the owner of the reservoir can properly address the safety concerns of the reservoir and remove the risk of dam failure to the surrounding community.

     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. 2681, H.D. 2, S.D. 1, and recommends that it pass Third Reading.

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

________________________________

JILL N. TOKUDA, Chair