STAND. COM. REP. NO. 2673

Honolulu, Hawaii

RE:    S.B. No. 2756

       S.D. 1

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 2756, S.D. 1, entitled:

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR THE PROCESSING OF SEWAGE INTO SEWAGE DERIVED FUEL,"

begs leave to report as follows:

     The purpose and intent of this measure is to authorize issuance of special purpose revenue bonds to assist Clean Communities, LLC, in financing a project to process sewage to create fuel.

     One individual submitted written comments in support of the measure.  The Department of Budget and Finance submitted written comments.

     Your Committee finds that this measure will assist Clean Communities, LLC, in financing the construction of a facility to process sewage into fuel.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2756, S.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair