STAND. COM. REP. NO. 3571
RE: H.B. No. 583
Honorable Ronald D. Kouchi
President of the Senate
Twenty-Ninth State Legislature
Regular Session of 2018
State of Hawaii
Your Committee on Ways and Means, to which was referred H.B. No. 583, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO TECHNOLOGY,"
begs leave to report as follows:
The purpose and intent of this measure is to appropriate moneys to the Hawaii Technology Development Corporation to pay for the Corporation's operational and administrative costs as it explores new sources of revenue.
Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism; Hawaii Technology Development Corporation; Hawaii Food Industry Association; Chamber of Commerce Hawaii; and Oahu County Committee on Legislative Priorities of the Democratic Party of Hawai`i.
Your Committee finds that with its lease agreement for the Manoa Innovation Center set to expire on July 1, 2018, the Hawaii Technology Development Corporation will lose a substantial source of revenue that the Corporation uses to fund half of its staff salaries and all of its discretionary program funding.
Your Committee notes that in Governor's Message No. 12, the Governor requested $970,000 in general funds for the continuation of the Hawaii Technology Development Corporation's staff and business incubation services.
Your Committee has amended this measure by:
(1) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and
(2) Making technical nonsubstantive changes for the purposes of clarity, consistency, and style.
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 H.B. No. 583, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 583, H.D. 1, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
DONOVAN M. DELA CRUZ, Chair