STAND. COM. REP. NO. 211-04

Honolulu, Hawaii

, 2004

RE: H.B. No. 2661

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Public Safety and Military Affairs, to which was referred H.B. No. 2661 entitled:

"A BILL FOR AN ACT RELATING TO ECONOMIC DEVELOPMENT,"

begs leave to report as follows:

The purpose of this bill is to assist individuals and businesses situated near military installations that are undergoing realignment or closure. This bill directs the Department of Business, Economic Development, and Tourism (DBEDT) to assist in obtaining financing for economic development projects that seek to address the impacts of changes to these installations.

DBEDT testified in support of this measure.

Your Committee has amended this bill by:

(1) Replacing the definition of "person" to specify that it means a for-profit business organized as a sole proprietorship, corporation, limited liability company or partnership, or a nonprofit organization or association, whether incorporated or not; and

(2) Making techical, nonsubstantive amendments for the purpose of style.

Through its community-based economic development programs as well as its Business Action Center, DBEDT is equipped to provide a wide variety of services, including referrals and financial assistance in the form of grants and loans to nonprofit community-based enterprises.

As affirmed by the record of votes of the members of your Committee on Public Safety and Military Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2661, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2661, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Public Safety and Military Affairs,

 

____________________________

KEN ITO, Chair