Bill Text: HI SB745 | 2012 | Regular Session | Amended
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
STAND. COM. REP. NO. 754
Honolulu, Hawaii
RE: S.B. No. 745
S.D. 2
Honorable Shan S. Tsutsui
President of the Senate
Twenty-Sixth State Legislature
Regular Session of 2011
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 745, S.D. 1, 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 add the production of air conditioning from seawater air conditioning district cooling systems as an eligible business activity in the State's enterprise zone program.
Your Committee received comments on this measure from Richard C. Lim, Interim Director, Department of Business, Economic Development, and Tourism; and the Tax Foundation of Hawaii.
Your Committee finds that adding other alternative energy production enterprises such as seawater air conditioning district cooling systems will further promote the State's goal of lessened dependency on fossil fuels. The downtown Honolulu seawater air conditioning project will generate significant construction spending and create a number of jobs.
Your Committee has amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the matter.
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 S.B. No. 745, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 745, S.D. 2.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
|
|
|
____________________________ DAVID Y. IGE, Chair |
|
|
|
|
