STAND. COM. REP. NO. 594-04

Honolulu, Hawaii

, 2004

RE: H.B. No. 2739

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2739 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS BY THE HIGH TECHNOLOGY DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of special purpose revenue bonds by the High Technology Development Corporation to finance wet lab space and a biotech incubator.

The University of Hawaii John A. Burns School of Medicine testified in support of this bill. The Department of Business, Economic Development, and Tourism supported the intent of this measure. The Department of Budget and Finance commented on this bill.

Your Committee has amended this measure by:

(1) Changing the effective date to July 1, 2010, to facilitate further discussion; and

(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

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 H.B. No. 2739, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2739, H.D. 1, and be placed on the calendar for Third Reading.

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair