STAND. COM. REP. NO. 860-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 2592

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2592, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO WATER,"

begs leave to report as follows:

The purpose of this measure is to establish a working group within the Department of the Attorney General to determine the constitutionality of counties implementing tax increment financing to fund capital projects and the viability of using tax increment financing to construct safe drinking water, water quality, and other water-related infrastructure projects.

Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii and Ulupono Initiative supported this measure. The Department of Health and Department of Land and Natural Resources provided comments.

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. 2592, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair