STAND. COM. REP. NO.  1191

 

Honolulu, Hawaii

                , 2007

 

RE:   H.B. No. 1781

      H.D. 2

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1781, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE TECHNOLOGY AND INNOVATION CENTER,"

 

begs leave to report as follows:

 

     The purpose of this bill is to support the growth and development of Hawaii's high technology industry by appropriating funds, to be matched on a dollar-for-dollar basis by non-state funding sources, for the planning, design, and construction of a new technology and innovation center on Oahu.

 

     The High Technology Development Corporation, Economic Development Alliance of Hawaii, Maui Economic Development Board, Inc., Enterprise Honolulu, Hawaii Venture Capital Association, Archinoetics, LLC, and numerous concerned individuals supported this bill.  The Department of Business, Economic Development, and Tourism supported the intent of this measure. 

 

     Your Committee has amended this measure by:

 

     (1)  Changing the appropriation amount to an unspecified amount to encourage further discussion;

 

     (2)  Clarifying that Enterprise Honolulu is requested to submit its report no later than 20 days prior to the convening of the Regular Session of 2008; and

 

     (3)  Making technical, nonsubstantive amendments for style, clarity, and consistency.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1781, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1781, H.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

 

 

____________________________

MARCUS R. OSHIRO, Chair