STAND. COM. REP. NO.129-02

Honolulu, Hawaii

, 2002

RE: H.B. No. 2399

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Economic Development and Business Concerns, to which was referred H.B. No. 2399 entitled:

"A BILL FOR AN ACT MAKING AN APPROPRIATION FOR CERTAIN PROJECTS TO SUPPORT MARINE RESEARCH,"

begs leave to report as follows:

The purpose of this bill is to authorize $10,000,000 in general obligation (GO) bond funds to finance the construction of marine research, marine biotechnology, training, and aquaculture facilities. These funds are available only if private or federal sources, or both, provide a match of $2 for every $1 of funds appropriated in this bill.

Testimony in support of this bill was submitted by the Oceanic Institute, National Energy Laboratory of Hawaii Authority, and four concerned citizens. The Department of Business, Economic Development, and Tourism supported the intent of this bill. The Hawaii Aquaculture Association offered comments.

Your Committee finds that there is some concern with respect to the issuance of GO bonds to finance the projects authorized in this bill. Your Committee notes that further communication and deliberation with the assistance of the Department of Budget and Finance or other relevant agencies regarding the means of financing reflected in this bill may prove useful in answering such concerns.

Your Committee has amended this measure by:

(1) Authorizing the Department of Agriculture to be the expending agency; and

(2) Making technical, nonsubstantive amendments for purposes of style and clarity.

As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2399, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2399, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development and Business Concerns,

 

____________________________

LEI AHU ISA, Chair