Bill Text: HI HB2595 | 2012 | 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; Dams and Reservoirs

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2012-06-21 - (H) Act 147, on 6/21/2012 (Gov. Msg. No. 1249). [HB2595 Detail]

Download: Hawaii-2012-HB2595-Amended.html

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STAND. COM. REP. NO.  190-12

 

Honolulu, Hawaii

                , 2012

 

RE:   H.B. No. 2595

      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 Water, Land, & Ocean Resources, to which was referred H.B. No. 2595 entitled:

 

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS TO ASSIST DAM AND RESERVOIR OWNERS,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the State to issue special purpose revenue bonds and use the proceeds from the bonds to assist dam and reservoir owners.

 

     The Department of Land and Natural Resources, the Department of Budget and Finance, the Department of Agriculture, the Hawaii Cattlemen's Council, Inc., Alexander & Baldwin, Inc., Monsanto Company, the Hawaii Farm Bureau Federation, the Kauai County Farm Bureau, and the Ka'u Farm Bureau testified in support of this measure.

 

     Your Committee has amended this measure by making technical, nonsubstantive amendments for style, clarity, and consistency.

 

     As affirmed by the record of votes of the members of your Committee on Water, Land, & Ocean Resources that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2595, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2595, H.D. 1, and be referred to the Committee on Finance.

 

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

 

 

		____________________________ JERRY L. CHANG, Chair