STAND. COM. REP. NO. 115

Honolulu, Hawaii

, 2005

RE: H.B. No. 1657

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Economic Development & Business Concerns, to which was referred H.B. No. 1657 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS TO ASSIST HOKU SCIENTIFIC,"

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of special purpose revenue bonds to assist Hoku Scientific, an early stage developer of fuel cell membrane technology.

The Hawaii Technology Trade Association and Hoku Scientific testified in support of this bill.

Your Committee finds that the State should continue to assist promising technology companies like Hoku Scientific, to help better position Hawaii to take advantage of the burgeoning technology market.

As affirmed by the record of votes of the members of your Committee on Economic Development & Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1657 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 Economic Development & Business Concerns,

 

____________________________

ROBERT N. HERKES, Chair