STAND. COM. REP. NO.  828

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 628

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. 628 entitled:

"A BILL FOR AN ACT RELATING TO STATEWIDE INFRASTRUCTURE CAPACITY BUILDING CONSTRUCTION FINANCING,"

begs leave to report as follows:

The purpose of this measure is to create an Infrastructure Capacity Construction Loan Revolving Fund to provide loans to the counties, state agencies, and private developers for infrastructure improvements that would increase the capacity of the infrastructure facilities, and appropriate funds for this purpose.

The City and County of Honolulu Board of Water Supply, Building Industry Association of Hawaii, and American Council of Engineering Companies of Hawaii testified in support of this measure.  The Department of Budget and Finance, Department of Land and Natural Resources, and City and County of Honolulu Department of Environmental Services provided comments on this measure.

     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. 628 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

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

____________________________

SYLVIA LUKE, Chair