STAND. COM. REP. NO.  307

Honolulu, Hawaii

                , 2009

RE:   H.B. No. 1483

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Sir:

     Your Committee on Energy & Environmental Protection, to which was referred H.B. No. 1483 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR BETTER PLACE HAWAII, INC,"

begs leave to report as follows:

     The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist Better Place Hawaii, Inc. in the planning, designing, construction, and development of transportation infrastructure, equipment, and apparatus to support electric vehicles in Hawaii.

     Testimony in support of this measure was submitted by Better Place Hawaii, Inc., Life of the Land, and Enterprise Honolulu.  The Department of Budget and Finance offered comments.

     Your Committee finds that:

     (1)  The activities and facilities of Better Place Hawaii, Inc., are a "project" under the special purpose revenue bonds law;

     (2)  The financing of those activities and facilities constitute assistance to an industrial enterprise; and

     (3)  This measure will foster the development of alternatives to fossil fuel-based modes of transportation to maintain a healthy environment in this State and reduce global warming.

     As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1483 and recommends that it pass Second Reading and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,

____________________________

HERMINA MORITA, Chair