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REPORT OFT E <br /> COMMITTEE FINANCE <br /> DATE: October 18, 2022 Re: Comm.No. 1040/13ill No. 225 <br /> PLACE: Council Chambers <br /> Kailua-Kona, Hawaii <br /> TIME: 1:04 p.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance,to which was referred Bill No. 225, reports as follows: <br /> Bill No. 225,transmitted by Finance Director Deanna S. Sako via Communication No. 1040 dated <br /> September 30, 2022, authorizes the Mayor of the County of Hawaii to enter into an intergovernmental <br /> agreement for a State Water Pollution Control Revolving Fund loan for wastewater public improvement <br /> projects; and authorizes the issuance of$17,000,000 general obligation bonds of the County of Hawaii <br /> for the purpose of financing qualified wastewater public improvements of the County of Hawaii. <br /> The issuance of General Obligation Bonds would serve as security for the repayment of funds loaned <br /> to the County via the State Revolving Fund program. <br /> Committee Chair Matt Kaneali`i-Kleinfelder noted that this bill is a companion measure to Bill No. 223. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 225, and recommends <br /> its passage on first reading. <br /> AYES NOES ABS EX Respectfully submitted, <br /> CIIUNG X <br /> DAVID x COMMITTEE ON FINANCE <br /> INABA x <br /> KANEALI`I-KLEINFELDER x <br /> KIERKIEWICZ x <br /> KIMBALL x MATT KANEALI`I-KLEINFELDER, CHAIR <br /> LEE LOY x <br /> RICHARDS x FC REPORT NO.: 223 <br /> VILLEGAS x ADOPTED: NOV 0 2 2022 <br />