STAND. COM. REP. NO. 226

Honolulu, Hawaii

, 2019

RE: H.B. No. 1321

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committees on Energy & Environmental Protection and Economic Development & Business, to which was referred H.B. No. 1321 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST SEAWATER AIR CONDITIONING PROJECTS ON OAHU,"

beg leave to report as follows:

The purpose of this measure is to extend the authorization to issue special purpose revenue bonds to assist Honolulu Seawater Air Conditioning, LLC, in the construction and development of a seawater air conditioning system in downtown Honolulu by extending the lapse date from June 28, 2019, to June 30, 2024.

The Honolulu Seawater Air Conditioning, LLC, Ulupono Initiative, Life of the Land, O‘ahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i, Land Use Research Foundation of Hawaii, and an individual submitted testimony in support of the measure.

Your Committees have amended this measure by:

(1) Changing its effective date to July 1, 2100, to promote further discussion; and

(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.

As affirmed by the records of votes of the members of your Committees on Energy & Environmental Protection and Economic Development & Business that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1321, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 1321, H.D. 1, and be referred to your Committee on Legislative Management.

Respectfully submitted on behalf of the members of the Committees on Energy & Environmental Protection and Economic Development & Business,

____________________________ ANGUS L.K. McKELVEY, Chair

____________________________ NICOLE E. LOWEN, Chair