STAND. COM. REP. NO.  118

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 633

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Water & Land, to which was referred H.B. No. 633 entitled:

"A BILL FOR AN ACT RELATING TO ASSISTING DAM AND RESERVOIR OWNERS,"

begs leave to report as follows:

The purpose of this measure is to keep water rates affordable by expanding the types of improvements eligible for special purpose revenue bonds to assist dam and reservoir owners.  Specifically, this measure clarifies that aboveground freshwater storage tanks are included in the definition of "appurtenant works" for the purposes of the special purpose revenue bond program.

The Department of Land and Natural Resources and Board of Water Supply supported this measure.

     As affirmed by the record of votes of the members of your Committee on Water & Land that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 633 and recommends that it pass Second Reading and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Water & Land,

____________________________

RYAN I. YAMANE, Chair