STAND. COM. REP. NO.125

Honolulu, Hawaii

, 2003

RE: S.B. No. 814

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Water, Land, and Agriculture, to which was referred S.B. No. 814 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL FACILITY PROJECTS,"

begs leave to report as follows:

The purpose of this measure is to authorize the Hawaii Community Development Authority to issue special facility revenue bonds for the 2003-2005 fiscal biennium for constructing, furnishing, and equipping an ocean research science center in Kaka`ako.

Testimony in support of this measure was submitted by the Hawaii Community Development Authority and the University of Hawaii at Manoa.

Your Committee finds that the proposed ocean research center would have three components: an aquarium, and two research facilities. The center would be a public-private partnership between the University of Hawaii and KUD International LLC for a marine biotechnology center and aquarium. The University of Hawaii hopes to unite the public education and attendance of the Waikiki Aquarium with the world class research capabilities of the Kewalo Marine Lab, as well as include research for and by the University of Hawaii's John A. Burns School of Medicine.

As affirmed by the record of votes of the members of your Committee on Water, Land, and Agriculture that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 814 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Water, Land, and Agriculture,

____________________________

LORRAINE R. INOUYE, Chair