STAND. COM. REP. NO.  895-12

 

Honolulu, Hawaii

                , 2012

 

RE:   H.B. No. 2267

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 2267, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST CLEARCOM, INC., IN THE DEVELOPMENT OF BROADBAND INFRASTRUCTURE IN HAWAII,"

 

begs leave to report as follows:

 

     The purpose of this measure is to enhance Hawaii's high-technology infrastructure by authorizing the issuance of up to $100,000,000 in special purpose revenue bonds to assist Clearcom, Inc., or a partnership headed by Clearcom, Inc., with the planning, permitting, designing, constructing, equipping, and operating of broadband infrastructure throughout the State.

 

     The Department of Business, Economic Development, and Tourism; High Technology Development Corporation; ClearCom, Inc.; ControlPoint Surveying, Inc.; and several concerned individuals supported this bill.  The Department of Budget and Finance, Hawaiian Telcom, and Oceanic Time Warner Cable submitted 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. 2267, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

		____________________________ MARCUS R. OSHIRO, Chair