STAND. COM. REP. NO. 1940-18

Honolulu, Hawaii

, 2018

RE: S.B. No. 3001

S.D. 2

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 S.B. No. 3001, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ENERGY,"

begs leave to report as follows:

The purpose of this measure is to authorize the Hawaii Technology Development Corporation to provide grants to certain businesses conducting research and development of alternative energy projects. This measure also appropriates funds for the purpose of providing the grants.

The Chamber of Commerce Hawaii, Oahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i, 350Hawaii.org, and several individuals testified in support of this measure. Hawaii Technology Development Corporation, Navatek, Makai Ocean Engineering, Inc., and Oceanit commented 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 S.B. No. 3001, S.D. 2, 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