Bill Text: HI HB2497 | 2010 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Special Purpose Revenue Bonds; Carbon Bio-Engineers Inc.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Vetoed) 2010-07-06 - (S) Vetoed on 07-06-10 - Returned from the Governor without approval (Gov. Msg. No. 662). [HB2497 Detail]

Download: Hawaii-2010-HB2497-Amended.html

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STAND. COM. REP. NO. 3052

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 2497

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 2497, S.D. 1, entitled:

 

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

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the issuance of $40,000,000 in special purpose revenue bonds for Carbon Bio-Engineers, Inc., for the development and production of non-fossil fuel energy facilities in the State.

 

     The written comments submitted to your Committee may be reviewed on the Legislature's website.

 

     Your Committee finds that Carbon Bio-Engineers, Inc., is developing cogeneration facilities that produce electricity as a by-product of its proprietary method of processing non-fossil fuel feedstocks into marketable carbon and fuel products.  Your Committee further finds that the benefits of cogeneration facilities include the reduction of greenhouse gases, reduction of landfill waste, creation of technical jobs, and the production of renewable energy in the State.  Your Committee believes that this measure serves the public interest and will contribute to the State's goal of energy self-sufficiency.

 

     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. 2497, S.D. 1, and recommends that it pass Third Reading.

 

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

 

		____________________________ DONNA MERCADO KIM, Chair