Rep. Thielen addresses HB 304 State Finances; Bond Allocation; Pooling

Stand. Comm. Rep. No. 727-12 H.B. No. 304, H.D. 1 RELATING TO STATE FINANCES.
(State Finances; Bond Allocation; Pooling) AS AMENDED, PASS SECOND READING, PLACE ON THE CALENDAR FOR THIRD READING

Allows the Department of Budget and Finance to enter into agreements with other bond issuers to pool bond allocations. The Department of Budget and Finance testified that according to the State’s bond counsel, there are federal tax regulations that would prohibit the State from pooling bond allocations with other states. Any inter-state pooling of bond allocations made possible in this bill would be a violation of federal tax regulations. By partnering with other entities, the state may expose itself to more risk and will be dealing with larger amounts of allocations not previously experienced. The other entity may not be credit worthy or cause a higher interest rate to be applied hurting the State.

Contact repthielen@capitol.hawaii.gov

Excerpt from Capitol TV

Advertisements

Reps. Marumoto and Ward address HB1033 – Public Finance; Clean Economy Bank

Stand. Comm. Rep. No. 728-12 H.B. No. 1033, H.D. 1RELATING TO PUBLIC FINANCE.(Public Finance; Clean Economy Bank)
AS AMENDED, PASS SECOND READING, PLACE ON THE CALENDAR FOR THIRD READING

Establishes the Clean Economy Bank of the State of Hawaii to provide financing support and risk management for qualifying clean economy projects to aid in the development of Hawaii’s clean energy economy and to lessen the State’s dependence on imported energy. Department of Budget and Finance opposes for multiple reasons including: Given the State’s current economic situation, the bill would overextend the State’s financial resources in such a way that it could be detrimental to the State’s credit rating; It opposes the use of general funds to finance initial costs and potential recurring costs;… the purposes of the bill may be achieved through other programs that do not put state funds at risk; Allocating funds for this bill would reduce funding for other programs in the State; Deposits made into the bank would be guaranteed by the State; however, the State’s ability to issue general obligation bonds may be reduced as the amounts guaranteed for the bank will count against the State’s Debt Limit. Right now, all allocations are unspecified. DCCA was concerned about the the composition of the board (lack of experienced members). Board members incl. political appointees and labor organizations.

Contact: repward@capitol.hawaii.gov

excerpt from Capitol TV

Reps. Thielen and Riviere Address HB 530 Coastal Zone Management; Permits

Stand. Comm. Rep. No. 725-12 H.B. No. 530, H.D. 1 RELATING TO COASTAL ZONE MANAGEMENT.(Coastal Zone Management; Permits) AS AMENDED, PASS SECOND READING, PLACE ON THE CALENDAR FOR THIRD READING
Makes the Office of Planning responsible for granting or denying special management area permits for state projects, and for granting or denying shoreline variances for state structures or activities in a shoreline area. Granting the Department of Land and Natural Resources and Department of Transportation the authority to exempt state projects from the requirements for special management areas and shoreline setbacks in Chapter 205A, Hawaii Revised Statutes, as long as projects implemented under this authority are subject to consultation with the Office of Conservation and Coastal Lands, the Office of Planning, and the requirements associated with environmental impact statements. Chamber of Commerce and BIA supported. Office of Planning, Conservation Council for Hawaii, Sierra Club, a sizeable number of individuals opposed.

Contact: repthielen@capitol.hawaii.gov

Excerpt from Capitol TV

Rep. Thielen rebuttal on HB 530 Coastal Zone Management; Permits

Stand. Comm. Rep. No. 725-12 H.B. No. 530, H.D. 1 RELATING TO COASTAL ZONE MANAGEMENT. (Coastal Zone Management; Permits) AS AMENDED, PASS SECOND READING, PLACE ON THE CALENDAR FOR THIRD READING

Makes the Office of Planning responsible for granting or denying special management area permits for state projects, and for granting or denying shoreline variances for state structures or activities in a shoreline area. Granting the Department of Land and Natural Resources and Department of Transportation the authority to exempt state projects from the requirements for special management areas and shoreline setbacks in Chapter 205A, Hawaii Revised Statutes, as long as projects implemented under this authority are subject to consultation with the Office of Conservation and Coastal Lands, the Office of Planning, and the requirements associated with environmental impact statements. Chamber of Commerce and BIA supported. Office of Planning, Conservation Council for Hawaii, Sierra Club, a sizeable number of individuals opposed.

Contact: repthielen@Capitol.hawaii.gov

Excerpt from capitol TV

Rep. Marumoto Addresses HB 2874 Broadband; Cable Television Systems

Stand. Comm. Rep. No. 722-12 H.B. No. 2874, H.D. 1 RELATING TO BROADBAND.
(Broadband; Cable Television Systems; Special Fund) AS AMENDED, PASS SECOND READING, PLACE ON THE CALENDAR FOR THIRD READING

Creates the broadband special fund to support funding public school broadband and laptop initiatives. Freezes appropriations of moneys derived from cable fees at the lesser of the 2011 appropriation or the amount that a recipient would otherwise receive in the current year. Requires excess moneys to be deposited into the broadband special fund. Effective July 1, 2012, and repealed June 30, 2017. During the hearing, many (though not all) of the individual testifiers held the view that limiting funding to Olelo was a sign of theft, totalitarianism, and/or of First Amendment violations.
PBS Hawaii stated that HB 2874 is likely to have in limiting educational services at PBS Hawaii, including this effective digital media program which reaches deeply into schools across the state.

Contact: repmarumoto@capitol.hawaii.gov

Excerpt from Capitol TV

Reps. Fontaine, Pine and Ward address HB2874 Broadband; Cable Television Systems

Stand. Comm. Rep. No. 722-12 – H.B. No. 2874, H.D. 1 RELATING TO BROADBAND.
(Broadband; Cable Television Systems; Special Fund) AS AMENDED, PASS SECOND READING, PLACE ON THE CALENDAR FOR THIRD READING

Creates the broadband special fund to support funding public school broadband and laptop initiatives. Freezes appropriations of moneys derived from cable fees at the lesser of the 2011 appropriation or the amount that a recipient would otherwise receive in the current year. Requires excess moneys to be deposited into the broadband special fund. Effective July 1, 2012, and repealed June 30, 2017. During the hearing, many (though not all) of the individual testifiers held the view that limiting funding to Olelo was a sign of theft, totalitarianism, and/or of First Amendment violations.
PBS Hawaii stated that HB 2874 is likely to have in limiting educational services at PBS Hawaii, including this effective digital media program which reaches deeply into schools across the state.

Contact: repfontaine@capitol.hawaii.gov

Excerpt from capitol TV