STAND. COM. REP. NO.  1002

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 632

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 632 entitled:

"A BILL FOR AN ACT RELATING TO WATER INFRASTRUCTURE LOANS,"

begs leave to report as follows:

The purpose of this measure is to broaden the Hawaii Water Infrastructure Loan Program to:

(1)  Amend the definition of "water infrastructure charge" to include on-bill charges for loan repayments and other charges that may be imposed on the water utility; and

(2)  Include water utilities and water tanks in the Hawaii Water Infrastructure Loan Program.

The Department of Agriculture, Board of Water Supply of the City and County of Honolulu, Hawaii Farm Bureau, and Ulupono Initiative supported this measure.

     Your Committee has amended this measure by:

     (1)  Amending the effective date to July 1, 2030, to facilitate further discussion; and

     (2)  Making technical, nonsubstantive amendments for consistency, clarity, and style.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 632, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 632, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair