STAND. COM. REP. NO. 210-04

Honolulu, Hawaii

, 2004

RE: H.B. No. 2662

 

 

 

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. 2662 entitled:

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

begs leave to report as follows:

The purpose of this bill is to assist military communities by establishing a Military Community Infrastructure Development Revolving Loan Fund (Fund) to help military communities develop infrastructure to minimize the possibility of or mitigate the adverse effects of the closure or reduction in capacity of a military installation.

The Department of Business, Economic Development, and Tourism supported the intent of this bill.

Military base closures affect communities and businesses in the surrounding area. Your Committee finds that the establishment of the Fund will reduce the adverse effects felt when a military base closes or there is a significant reduction in the capacity of the base.

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. 2662 and recommends that it pass Second Reading 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