STAND. COM. REP. NO. 811

Honolulu, Hawaii

, 2021

RE: H.B. No. 1130

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1130, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO TRANSIT-ORIENTED DEVELOPMENT,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Require the Office of Planning to hire a contractor to, among other things, identify and assess alternative financing, project delivery, and cost recovery mechanisms to recapture the State's upfront investment in transit-oriented development infrastructure;

(2) Require the contractor to consult with representatives of certain governmental entities in conducting the study;

(3) Require the Office of Planning to report to the Legislature on its findings and recommendations; and

(4) Authorize the issuance of general obligation bonds.

Your Committee received testimony in support of this measure from the Hawaii Interagency Council for Transit-Oriented Development. Your Committee received comments on this measure from the Office of Planning.

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. 1130, H.D. 2, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair