STAND. COM. REP. NO. 3224
RE: S.B. No. 1443
Honorable Ronald D. Kouchi
President of the Senate
Thirtieth State Legislature
Regular Session of 2020
State of Hawaii
Your Committees on Ways and Means and Judiciary, to which was referred S.B. No. 1443 entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION,"
beg leave to report as follows:
The purpose and intent of this measure is to prohibit any company from being awarded, in consecutive years, a grant under the manufacturing development program of the Hawaii Technology Development Corporation.
Your Committees received written comments on this measure from the Hawaii Technology Development Corporation.
Your Committees find that requiring a one-year waiting period for receipt of a subsequent grant from the manufacturing development program is a reasonable way to balance the desire to provide opportunities to new applicants and the competing interest of awarding grants to applicants having the greatest likelihood of success.
Your Committees have amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the measure.
As affirmed by the records of votes of the members of your Committees on Ways and Means and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 1443, as amended herein, and recommend that it pass Third Reading in the form attached hereto as S.B. No. 1443, S.D. 1.
Respectfully submitted on behalf of the members of the Committees on Ways and Means and Judiciary,
KARL RHOADS, Chair
DONOVAN M. DELA CRUZ, Chair