STAND. COM. REP. NO. 2829

Honolulu, Hawaii

RE: S.B. No. 3001

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 3001, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ENERGY,"

begs leave to report as follows:

The purpose and intent of this measure is to promote the research and development of alternative energy projects in the State.

Specifically, this measure:

(1) Establishes an alternative research and development pilot program to promote the research and development of alternative energy by providing matching grants to businesses that meet certain criteria; and

(2) Appropriates funds for the grants.

Your Committee received written comments in support of this measure from the Hawaii Technology Development Corporation; Makai Ocean Engineering, Inc.; Navatek; Chamber of Commerce Hawaii; and three individuals.

Your Committee received written comments in opposition to this measure from one individual.

Your Committee finds that this measure will support the growth of companies in the State that develop innovative renewable energy technologies and will move Hawaii closer to its clean energy goal of one hundred percent renewable energy by the year 2045.

Your Committee notes that its intent is for funding for the alternative energy research and development pilot program authorized by this measure to continue through fiscal year 2019-2020.

Your Committee has amended this measure by:

(1) Changing the amount appropriated into and out of the alternative energy research and development revolving fund from $1,000,000 to an unspecified sum;

(2) Changing the amount appropriated into and out of the Hawaii technology loan and grant revolving fund from $1,000,000 to an unspecified sum;

(3) Changing the maximum amount of moneys that can remain in the Hawaii technology loan and grant revolving fund at the end of any fiscal year from $2,000,000 to an unspecified sum;

(4) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

(5) Making technical nonsubstantive changes for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3001, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 3001, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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DONOVAN M. DELA CRUZ, Chair