STAND. COM. REP. NO. 731-20

Honolulu, Hawaii

, 2020

RE: H.B. No. 2498

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2020

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2498, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ENERGY RESOURCES,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Amend the amount of budget appropriations for energy expenditures that agencies performing energy efficiency or renewable energy system retrofitting are entitled to receive;

(2) Require agencies that perform energy efficiency or renewable energy system retrofitting to account for any costs for contracts or debt service for the implementation and management of energy efficiency measures; and

(3) Repeal the required setting aside of a portion of monies saved through the retrofitting, and instead allow the Legislature to determine the appropriate energy expenditures budget appropriation amounts.

Your Committee received testimony in support of this measure from three individuals. Your Committee received testimony in opposition to this measure from the Hawaii State Energy Office. Your Committee received comments on this measure from the Department of Education, Department of Budget and Finance, and Ulupono Initiative.

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. 2498, 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