STAND. COM. REP. NO. 1498-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.R. No. 86
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.R. No. 86
entitled:

     "HOUSE RESOLUTION REQUESTING THE HAWAII INSTITUTE OF PUBLIC
     AFFAIRS TO CONDUCT A PUBLIC POLICY REPORT ON HAWAII AND THE
     NEW ECONOMY,"

begs leave to report as follows:

     The purpose of this resolution is to request the Hawaii
Institute for Public Affairs (HIPA) to conduct a public policy
report on Hawaii's strategic environmental, human, and
technological resources and capabilities, focusing on activities
that can be initiated currently but whose impacts will mainly be
felt in the formation of a New Economy.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee concurs with the intent and purpose of H.R. No. 86, and
recommends its adoption.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair