STAND. COM. REP. NO.  691

 

Honolulu, Hawaii

                , 2007

 

RE:   H.B. No. 1083

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Sir:

 

     Your Committees on Economic Development & Business Concerns and Water, Land, Ocean Resources & Hawaiian Affairs, to which was referred H.B. No. 1083 entitled:

 

"A BILL FOR AN ACT RELATING TO HIGH TECHNOLOGY,"

 

beg leave to report as follows:

 

     The purpose of this bill is to support the development of Hawaii's high technology business sector by appropriating $150,000 in fiscal year 2007-2008 to the High Technology Development Corporation to negotiate a ten-year lease guaranty, and to plan, develop, and operate the Asia Pacific International Research Center (Center) for high technology in Kakaako.

 

     The University of Hawaii, Hawaii Community Development Authority, Hawaii Science & Technology Council, High Technology Development Corporation (HTDC), the Board of Directors of the HTDC, Kamehameha Schols, Pacific Resource Partnership, Phase 3 Properties, KUD International, Cardax Pharmaceuticals, Technical Research Associates, Inc., Pukoa Scientific, American Society of Civil Engineers, Honolulu Seawater Air Conditioning, and a concerned individual supported this bill.

 

The Center proposed by this bill will be the only facility with class A wet laboratory space available to the non-institutional market in Hawaii.  The availability of such space will attract life science entrepreneurs and serve as a catalyst for new Pacific Rim life science endeavors and collaborations.

 

     Your Committees have amended the bill by removing references to a guaranty.

 

     As affirmed by the records of votes of the members of your Committees on Economic Development & Business Concerns and Water, Land, Ocean Resources & Hawaiian Affairs that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1083, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 1083, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committees on Economic Development & Business Concerns and Water, Land, Ocean Resources & Hawaiian Affairs,

 

 

____________________________

KEN ITO, Chair

 

____________________________

KYLE T. YAMASHITA, Chair