STAND. COM. REP. NO. 1383

Honolulu, Hawaii

, 2021

RE: S.B. No. 225

S.D. 1

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Water & Land, to which was referred S.B. No. 225, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO INFRASTRUCTURE IMPROVEMENT DISTRICTS,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Specify that the cost of regional infrastructure improvements made by the Hawaii Housing Finance and Development Corporation may be assessed against transit-oriented development projects specially benefiting from the improvements, as determined by the Corporation; and

(2) Require the Hawaii Interagency Council for Transit-Oriented Development to review and make recommendations on applications for subaccount funds for infrastructure projects related to transit-oriented development.

Your Committee received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation, Office of Planning, and Hawaii Interagency Council for Transit-Oriented Development.

Your Committee finds that the cost of offsite infrastructure is a major barrier to achieving the potential of transit-oriented development statewide. This measure will facilitate state investment in needed transit-oriented development infrastructure by allowing the Hawaii Housing Finance and Development Corporation to recover upfront costs through assessments against projects that specially benefit from those infrastructure improvements. Your Committee further finds that the Hawaii Interagency Council for Transit-Oriented Development can provide valuable input on aligning funding requests with the principles and priorities contained in the "State Strategic Plan for Transit-Oriented Development" issued by the Council.

As affirmed by the record of votes of the members of your Committee on Water & Land that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 225, S.D. 1, H.D. 1, and recommends that it be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Water & Land,

____________________________

DAVID A. TARNAS, Chair