STAND. COM. REP. NO.  85

 

Honolulu, Hawaii

                , 2009

 

RE:   H.B. No. 1603

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir:

 

     Your Committee on Economic Revitalization, Business, & Military Affairs, to which was referred H.B. No. 1603 entitled:

 

"A BILL FOR AN ACT RELATING TO HAWAII'S ECONOMY,"

 

begs leave to report as follows:

 

     The purpose of this bill is to give State decision makers the information needed to make Hawaii a successful player in the global economy by appropriating funds for the Legislative Reference Bureau (LRB) to contract with consultants with expertise in international and local economic analysis to make a diagnostic assessment of the conditions, challenges, and opportunities facing the State.

 

     The Department of Business, Economic Development, and Tourism (DBEDT) and LRB offered comments on this bill.

 

     Your Committee finds that Hawaii's economy and global economic conditions have changed drastically during the past few years.  The report proposed in this bill is intended to give the State's leaders a clear understanding of the global forces that currently influence the State's economy, the State's relative competitiveness, and policies and options that are available to place the State on an optimal development path.

 

     Your Committee has amended this bill by:

 

(1)  Replacing LRB with DBEDT as the agency that will contract with the necessary consultants; amd

 

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

 

     As affirmed by the record of votes of the members of your Committee on Economic Revitalization, Business, & Military Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1603, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1603, H.D. 1, and be referred to the Committee on Legislative Management.

 

Respectfully submitted on behalf of the members of the Committee on Economic Revitalization, Business, & Military Affairs,

 

 

 

 

____________________________

ANGUS L.K. MCKELVEY, Chair