CONFERENCE COMMITTEE REP. NO. 223-22

Honolulu, Hawaii

, 2022

RE: S.B. No. 3325

S.D. 2

H.D. 1

C.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sirs:

Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 3325, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO CARBON SEQUESTRATION INCENTIVES,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to:

(1) Establish the Hawaii Carbon Smart Land Management Assistance Pilot Program to incentivize carbon sequestration activities through incentive contracts that provide compensation for eligible practices by program participants;

(2) Repeal the Carbon Offset Program; and

(3) Appropriate funds for positions and assistance.

Your Committee on Conference finds that carbon sequestration is an important tool for reducing the State's contribution to global greenhouse gas emissions. Incentivizing carbon sequestration can have numerous benefits for the State's sustainability goals. This measure establishes the Hawaii Carbon Smart Land Management Assistance Pilot Program to incentivize carbon sequestration activities.

Your Committee on Conference has amended this measure by:

(1) Removing the appropriation;

(2) Inserting an effective date of upon its approval; and

(3) Making a technical, nonsubstantive amendment for the purposes of clarity and consistency.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 3325, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 3325, S.D. 2, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________ NICOLE E. LOWEN Co-Chair	____________________________ MIKE GABBARD Chair
____________________________ LISA KITAGAWA Co-Chair	____________________________ GLENN WAKAI Co-Chair
____________________________ LISA MARTEN Co-Chair