STAND. COM. REP. NO. 697

Honolulu, Hawaii

RE: S.B. No. 1291

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1291 entitled:

"A BILL FOR AN ACT RELATING TO THE ALTERNATIVE ENERGY RESEARCH AND DEVELOPMENT FUND,"

begs leave to report as follows:

The purpose and intent of this measure is to fund alternative energy research and development grants to promote technology and innovation jobs in the State.

Your Committee received written comments in support of this measure from the Hawaii Technology Development Corporation; Oceanit Laboratories, Inc.; Makai Ocean Engineering, Inc.; Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii; and three individuals.

Your Committee finds that this measure will further the State's commitment to renewable energy and strengthen the local economy by supporting high-skill renewable energy research and development in the State.

Your Committee has amended this measure by:

(1) Changing the appropriation amounts to unspecified amounts;

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

(3) Making technical nonsubstantive amendments 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. 1291, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1291, S.D. 1.

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

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DONOVAN M. DELA CRUZ, Chair