STAND. COM. REP. NO. 1750_______

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 716
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No.
716 entitled: 

     "A BILL FOR AN ACT RELATING TO THE NATURAL ENERGY
     LABORATORY,"

begs leave to report as follows:

     The purpose of this bill is to allow the Natural Energy
Laboratory of Hawaii Authority (NELHA) to include retail and
commercial enterprises, and tourism activities within its
research and technology park.

     The Department of Business, Economic Development, and
Tourism and the Hawaii Aquaculture Association testified in
support of this bill.

     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 S.B. No.
716 and recommends that it pass Third Reading.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair