Bill Text: HI HB2267 | 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; Clearcom, Inc.; Hawaii Broadband Initiative

Spectrum: Partisan Bill (Democrat 21-0)

Status: (Engrossed - Dead) 2012-03-29 - (S) The committee on WAM deferred the measure. [HB2267 Detail]

Download: Hawaii-2012-HB2267-Amended.html

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STAND. COM. REP. NO.  279-12

 

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 Economic Revitalization & Business, to which was referred H.B. No. 2267 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 authorize the issuance of special purpose revenue bonds to assist Clearcom, Inc., or a partnership headed by Clearcom, Inc., with planning, permitting, designing, constructing, equipping, and operating broadband infrastructure throughout the State.

 

     ClearCom, Inc., ControlPoint Surveying, Inc., and Mid-State Consultants, Inc., testified in support of this measure.  The Department of Budget and Finance, AT&T, and Hawaiian Telcom provided comments on this measure.

 

     Your Committee notes the concerns of some of the testifiers, and respectfully requests that your Committee on Finance further examine the specificity of the projects for which the bonds are being sought.

 

     Accordingly, your Committee has amended this measure by:

 

     (1)  Changing the effective date to July 1, 2112, to facilitate further discussion; and

 

     (2)  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 Economic Revitalization & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2267, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2267, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Economic Revitalization & Business,

 

 

		____________________________ ANGUS L.K. McKELVEY, Chair