STAND. COM. REP. NO. 1451

Honolulu, Hawaii

RE:    H.B. No. 139

       H.D. 1

       S.D. 2

Honorable Donna Mercado Kim

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred H.B. No. 139, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST ANAERGIA INC.,"

begs leave to report as follows:

     The purpose and intent of this measure is to support the development of renewable and efficient energy systems by authorizing the issuance of special purpose revenue bonds to assist Anaergia Inc., with the development of facilities for renewable nonfossil fuel energy production on Maui. 

     Your Committee received written comments in support of this measure from Anaergia Services, LLC; Ulupono Initiative; Mayor Alan Arakawa, Maui County; West Maui Taxpayers Association Inc.; and one individual.  Your Committee received written comments on this measure from the Department of Budget and Finance and one individual. 

     Your Committee finds that supporting the development of renewable and efficient energy systems in the State is in the public interest.  Your Committee further finds that authorizing the issuance of special purpose revenue bonds for Anaergia Inc., will further the development of renewable and efficient energy systems, create new jobs, and reduce waste and transportation costs. 

     Your Committee has amended this measure by:

     (1)  Changing the bond authorization amount from an unspecified amount to $90,000,000; and

     (2)  Making technical nonsubstantive amendments for clarity, consistency, and style. 

     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 H.B. No. 139, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 139, H.D. 1, S.D. 2.

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

________________________________

JILL N. TOKUDA, Chair