STAND. COM. REP. NO. 1282

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 595

       H.D. 1

       S.D. 1

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 595, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE HIGH TECHNOLOGY DEVELOPMENT CORPORATION,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to appropriate funds to continue the Hawaii small business innovation research program within the High Technology Development Corporation.  

 

     Your Committee received written comments in support of this measure from the High Technology Development Corporation; Makai Ocean Engineering, Inc.; Hawaii Food Industry Association; Oceanit Laboratories, Inc.; Chamber of Commerce Hawaii; Maui Chamber of Commerce; Hawaii Farm Bureau; and two individuals.

 

     Your Committee finds that the High Technology Development Corporation is a key state agency in developing and supporting the State's innovation industry.  Your Committee notes that last year, the Legislature extended the lapsing date of a previous appropriation and appropriated additional funds for the Hawaii small business innovation research program.  Your Committee believes that continuing this program is important to supporting the innovation industry in the State.

 

     Your Committee has amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the measure.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 595, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 595, H.D. 1, S.D. 1.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

________________________________

JILL N. TOKUDA, Chair