STAND. COM. REP. NO.3474
RE: H.C.R. No. 117
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Economic Development and Technology, to which was referred H.C.R. No. 117, H.D. 1, entitled:
"HOUSE CONCURRENT RESOLUTION REQUESTING THE LEGISLATIVE REFERENCE BUREAU TO STUDY THE MOVEMENT OF CAPITAL OUT OF THE STATE,"
begs leave to report as follows:
The purpose of this measure is to request the Legislative Reference Bureau (LRB) to study the movement of capital out of the State, including a review of companies that are not based in Hawaii but provide services and products to Hawaii residents.
Your Committee received testimony in support of this measure from the Hawaii Government Employees Association and comments from LRB.
Your Committee has amended this measure by replacing its contents with the contents of Senate Concurrent Resolution No. 112, S.D. 2, which requests the formation of an economic development task force to develop and administer a statewide economic development plan. The task force is established within the Department of Business, Economic Development, and Tourism and is composed of various representatives from the government, business, and education sectors.
As affirmed by the record of votes of the members of your Committee on Economic Development and Technology that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 117, H.D. 1, as amended herein, and recommends that it be referred to the Committee on Ways and Means, in the form attached hereto as H.C.R. No. 117, H.D. 1, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Economic Development and Technology,
ROD TAM, Chair