Bill Text: HI HB1409 | 2013 | Regular Session | Amended

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Bill Title: Environmental Response, Energy, and Food Security Tax; Zero Waste Biofuel; Agribusiness Development Corporation

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed - Dead) 2013-03-05 - Referred to AGL/ENE, WAM. [HB1409 Detail]

Download: Hawaii-2013-HB1409-Amended.html

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STAND. COM. REP. NO.  681

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 1409

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1409, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO BIOFUELS,"

 

begs leave to report as follows:

 

     The purpose of this measure is to enhance Hawaii's energy security by providing funds to the Agribusiness Development Corporation as investment capital for research and development partnerships regarding biofuel production.  Accordingly, this measure allocates an unspecified amount of money to the Agribusiness Development Corporation from deposits made from the Environmental Response, Energy, and Food Security Tax into the Energy Security Special Fund and the Agricultural Development and Food Security Special Fund.  

 

     The Agribusiness Development Corporation and two concerned individuals testified in support of this bill.  The Department of Business, Economic Development, and Tourism and the Tax Foundation of Hawaii provided 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. 1409, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

		____________________________ SYLVIA LUKE, Chair