STAND. COM. REP. NO.2553
RE: S.B. No. 2540
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Ways and Means, to which was referred S.B. No. 2540, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO COMMUNITY-BASED ECONOMIC DEVELOPMENT,"
begs leave to report as follows:
The purpose of this measure is to appropriate $150,000 in fiscal year 2002-2003 to provide grants under the community-based economic development program of the Department of Business, Economic Development, and Tourism.
Your Committee finds that the business community, nonprofit organizations, and other entrepreneurs require a functional, service-oriented agency that is readily accessible and able to provide business counseling, financial backing, and general support to foster community-based economic development in the various products and services in Hawaii's diversified economy.
Your Committee finds that the community-based economic development program of the Department of Business, Economic Development, and Tourism was established for this purpose. Your Committee further finds that in order to provide the necessary financial assistance to community-based entrepreneurs, this program has been authorized to provide grants to qualifying applicants.
To facilitate further discussion on the funding necessary to carry out the purposes of this measure, your Committee has amended this bill by replacing the sum appropriated with a blank amount.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2540, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2540, S.D. 2.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
BRIAN T. TANIGUCHI, Chair