STAND. COM. REP. 1019

Honolulu, Hawaii

, 2003

RE: S.B. No. 1249

S.D. 2

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Economic Development and Business Concerns, to which was referred S.B. No. 1249, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO SMALL BUSINESS TECHNOLOGY TRANSFER GRANTS,"

begs leave to report as follows:

The purpose of this bill is to expand the authority of the High Technology Development Corporation (HTDC) to provide grants not exceeding the lesser of:

(1) 50 percent of the federal Small Business Innovation Research or Small Business Technology Transfer Phase I award or contract; and

(2) $25,000 to each business in Hawaii that receives a federal Small Business Innovation Research or Small Business Technology Transfer Phase I award or contract from any participating federal agency.

This bill also appropriates an unspecified amount to pay for this expansion of authority.

HTDC supported this bill.

Your Committee has amended this bill by making technical, nonsubstantive amendments for purposes of clarity and style.

As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1249, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1249, S.D. 2, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development and Business Concerns,

 

____________________________

BRIAN SCHATZ, Chair