STAND. COM. REP. NO.  854-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 2811

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 2811 entitled:

"A BILL FOR AN ACT RELATING TO ENERGY,"

begs leave to report as follows:

     The purpose of this bill is to reduce Hawaii's dependence on fossil fuels by appropriating funds to the Energy Systems Development Special Fund for the Hawaii Natural Energy Institute, which is tasked to, among other things, conduct research and development of renewable sources of energy and deploy efficient energy end-use technologies.

     The Hawaii Renewable Energy Alliance, ClearFuels Technology Inc., and a concerned individual testified in support of this bill.  The University of Hawaii System offered comments.

     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. 2811 and recommends that it pass Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair