STAND. COM. REP. NO. 2568

Honolulu, Hawaii

RE:    S.B. No. 2021

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 S.B. No. 2021 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 the special purpose revenue bonds authorization pursuant to Act 89, Session Laws of Hawaii 2011, to assist BioEnergy Hawaii, LLC, with establishing a cogeneration facility and related energy production facilities from June 30, 2016, to June 30, 2021.

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

     Your Committee received written comments in opposition to this measure from one individual.

     Your Committee finds that BioEnergy Hawaii, LLC, proposes the development and operation of a bioconversion facility that will sort, separate, and process municipal solid waste into usable materials and feedstock.  Your Committee further finds that extending the authorization to issue special purpose revenue bonds for five years will enable BioEnergy Hawaii, LLC, to secure moneys to establish this bioconversion facility.

     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. 2021 and recommends that it pass Third Reading.

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

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JILL N. TOKUDA, Chair