STAND. COM. REP. 2472

Honolulu, Hawaii

, 2004

RE: S.B. No. 3165

S.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committees on Economic Development and Science, Arts, and Technology, to which was referred S.B. No. 3165 entitled:

"A BILL FOR AN ACT RELATING TO ENHANCING ECONOMIC DIVERSITY,"

beg leave to report as follows:

The purpose of this measure is to appropriate funds for further study regarding the feasibility of a Kalaeloa Technical Park project by the Hawaii community development authority.

The University of Hawaii testified in support of this measure. The Hawaii Community Development Authority offered comments on the measure.

Your Committees find that the Hawaii Community Development Authority is eligible for a significant amount of grant money from the United States Department of Commerce, Economic Development Administration to research and produce an economic master plan for Kalaeloa. The availability of this grant money is contingent upon the State providing a certain portion of matching funds. This grant represents an unparalleled opportunity for the State to create a comprehensive development plan for Kalaeloa that not only ensures that any development of Kalaeloa is well-planned, but also maximizes the economic potential of Kalaeloa.

Your Committees have amended this measure to expand the purpose from a feasibility study of a technological park at Kalaeloa to an economic master plan for Kalaeloa, and by increasing the appropriation from $100,000 to $250,000 in order to provide a greater portion of the one-for-one local match required by the Economic Development Administration for the $450,000 grant.

As affirmed by the records of votes of the members of your Committees on Economic Development and Science, Arts, and Technology that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 3165, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 3165, S.D. 1, and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committees on Economic Development and Science, Arts, and Technology,

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DAVID Y. IGE, Chair

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CAROL FUKUNAGA, Chair