Bill Text: HI SB745 | 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; Seawater Air Conditioning Projects

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2012-06-26 - (H) Act 155, on 6/25/2012 (Gov. Msg. No. 1258). [SB745 Detail]

Download: Hawaii-2012-SB745-Amended.html

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STAND. COM. REP. NO. 129

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 745

       S.D. 1

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Energy and Environment, to which was referred S.B. No. 745 entitled:

 

"A BILL FOR AN ACT RELATING TO SEAWATER AIR CONDITIONING,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to allow seawater air conditioning district cooling projects to receive Enterprise Zone Program benefits.

 

     Your Committee received testimony in support of this measure from Frederic Berg, Honolulu Seawater Air Conditioning, LLC; and Thomas J. Smyth.  Your Committee received comments on this measure from Richard C. Lim, Department of Business, Economic Development, and Tourism; and Frederick D. Pablo, Department of Taxation.

 

     Your Committee believes that granting Enterprise Zone Program benefits to seawater air conditioning district cooling projects will reduce their overall costs, expedite their completion, and expedite the realization of the benefits of reduced costs and energy usage by the State.

 

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

 

     As affirmed by the record of votes of the members of your Committee on Energy and Environment that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 745, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 745, S.D. 1, and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committee on Energy and Environment,

 

		____________________________ MIKE GABBARD, Chair