STAND

 

STAND. COM. REP. NO. 763-04

Honolulu, Hawaii

, 2004

RE: H.B. No. 1634

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1634 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of special purpose revenue bonds to assist Jacoby Development, Inc., to develop a plasma municipal solid waste processing system to convert solid wastes into electricity, and chemically and biologically inert slag on Oahu.

Jacoby Development, Inc., and its subsidiary, Geoplasma, LLC, and several concerned individuals testified in support of this bill.

Your Committee has amended this bill by changing the effective date to July 1, 2010, to facilitate further discussion.

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. 1634, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1634, H.D. 1.

 

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

 

		____________________________ DWIGHT Y. TAKAMINE, Chair