Bill Text: HI HB1388 | 2013 | Regular Session | Amended

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

---

Bill Title: Special Purpose Revenue Bonds; Processing Enterprises; Shrimp Hatchery Facility ($)

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2013-06-18 - Act 128, 6/14/2013 (Gov. Msg. No. 1228). [HB1388 Detail]

Download: Hawaii-2013-HB1388-Amended.html

---

 

 

STAND. COM. REP. NO.  796

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 1388

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1388 entitled:

 

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

 

begs leave to report as follows:

 

     The purpose of this measure is to assist aquacultural operations on Kauai by authorizing the issuance of special purpose revenue bonds to assist Sunrise Capital, Inc., in protecting its shrimp hatchery facility and its salt water well, and relocating them further inland to avoid seaside erosion.

 

     A concerned individual testified in support of this measure.  The Department of Budget and Finance offered comments.

 

     Your Committee has amended this measure by leaving the total bond amount blank.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1388, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1388, H.D. 1.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

		____________________________ SYLVIA LUKE, Chair