STAND. COM. REP. NO. 196
Honolulu, Hawaii
S.D. 1
President of the Senate
Thirty-First State Legislature
State of Hawaii
Sir:
Your Committee on Hawaiian Affairs, to which was referred S.B. No. 1412 entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR THE HONOKEA SURF VILLAGE,"
begs leave to report as follows:
The purpose and intent of this measure is to direct the Department of Budget and Finance to issue special purpose revenue bonds for the planning, designing, constructing, reconstructing, renovating, acquiring, equipping, and improvement of the Honokea Surf Village.
Your Committee received testimony in support of this measure from HK Management, LLC and twenty-four individuals. Your Committee received testimony in opposition to this measure from one individual. Your Committee received comments on this measure from the Department of Budget and Finance and the Hawaii Community Development Authority.
Your Committee finds that on January 8, 2020, the Hawaii Community Development Authority held a Kalaeloa Authority Meeting where members authorized the Executive Director to enter into an exclusive negotiations agreement and right of entry agreement with HK Management for a period of eighteen months to provide site control to conduct due diligence and further explore the possibility of the proposed Honokea Surf Village project at the site. The Honokea Surf Village is intended to be a surf industry center, consisting of research, development, manufacturing, and testing facilities; a surf and aquatic film studio; and an artificial surf park that can be used as a design testing facility, filming location, training venue, and place for surf meets of all levels, including high school. Moreover, the activities within the project facilities will provide opportunities for cultural education, awareness of the history of surfing and Hawaiian culture, and employment opportunities at Honokea Surf Village and related local businesses.
Your Committee
has amended this measure by making
technical, nonsubstantive amendments for the purposes of clarity and
consistency.
As affirmed by the record of votes of the members of your Committee on Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1412, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1412, S.D. 1, and be referred to your Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Hawaiian Affairs,
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________________________________ MAILE S.L. SHIMABUKURO, Chair |
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