STAND. COM. REP. NO.  443

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 592

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committees on Energy & Environmental Protection and Economic Development & Business, to which was referred H.B. No. 592 entitled:

"A BILL FOR AN ACT RELATING TO ENERGY,"

beg leave to report as follows:

The purpose of this measure is to support the research and development of alternative energy in the State by:

     (1)  Extending the sunset date of the Alternative Energy Research and Development Pilot Program (Pilot Program) to June 30, 2019; and

     (2)  Appropriating funds to the Alternative Energy Research and Development Revolving Fund to be used for providing grants under the Pilot Program.   

The High Technology Development Corporation, Oceanit, Navatek, and several individuals supported this measure.

     Your Committees have amended this measure by changing its effective date to January 28, 2081, to encourage further discussion.

     As affirmed by the records of votes of the members of your Committees on Energy & Environmental Protection and Economic Development & Business that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 592, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 592, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committees on Energy & Environmental Protection and Economic Development & Business,

____________________________ MARK M. NAKASHIMA, Chair

____________________________ CHRIS LEE, Chair