STAND. COM. REP. NO. 2209

Honolulu, Hawaii

RE:    S.B. No. 2367

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committees on Transportation and Energy and Water, Land, and Agriculture, to which was referred S.B. No. 2367 entitled:

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR HAWAII RENEWABLE RESOURCES, LLC,"

beg leave to report as follows:

     The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds for Hawaii Renewable Resources, LLC, to own, design, build, and operate a project located on agricultural lands on central Oahu for a material reprocessing facility to recover organic materials, food manufacturing waste, green crop waste, and farm crop harvest waste and to process that waste into renewable energy for agricultural purposes.

Your Committees received testimony in support of this measure from the Agribusiness Development Corporation; Renewable Energy Action Coalition of Hawaii; and Hawaii Renewable Resources, LLC.  Your Committees received comments on this measure from the Department of Budget and Finance.

Your Committees find that the development of local sustainable food production and the use and production of renewable energy systems continues to be in the public interest.  Hawaii Renewable Resources, LLC, is a Hawaii company offering sustainable solutions for the production of food and renewable energy from the conversion of recovered food and green agricultural crop resources.

     As affirmed by the records of votes of the members of your Committees on Transportation and Energy and Water, Land, and Agriculture that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 2367 and recommend that it pass Second Reading and be referred to your Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committees on Transportation and Energy and Water, Land, and Agriculture,

________________________________ MIKE GABBARD, Chair

________________________________ LORRAINE R. INOUYE, Chair