STAND. COM. REP. NO. 1568

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 1327

       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. 1327, 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 the High Technology Development Corporation to support the manufacturing development program.

 

     Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism; High Technology Development Corporation; Hawaii Food Industry Association; Hawaii Venture Capital Association; Chamber of Commerce Hawaii; Maui Chamber of Commerce; Makai Ocean Engineering, Inc.; Oceanit Laboratories, Inc.; Maui Brewing Co.; KYD, Inc.; Aloha Shoyu Company, Ltd.; Kona Brewing Co.; BGS Engineering; Kauai Island Brewing Company; Hawaii Biotech, Inc.; Hawaii Coffee Company; The Tea Chest; Meadow Gold Dairies; Kuehnle AgroSystems, Inc.; Hyperspective Studios, Inc.; First Commercial Kitchen, Inc.; Island Plastic Bags, Inc.; XLR8UH; Sultan Ventures; Hawaiian Crown Plantation & Chocolate Factory; and three individuals.

 

     Your Committee finds that the High Technology Development Corporation is a key state agency that helps to develop and support the State's manufacturing industry.  Your Committee further finds that the continuation of the manufacturing development program administered by the High Technology Development Corporation stimulates economic growth, increases development, and creates jobs related to products manufactured in Hawaii.

 

     Your Committee respectfully requests that, if this measure is considered during Conference, consideration should be given to allow the High Technology Development Corporation to use up to ten percent of the appropriation for administrative purposes.

 

     Your Committee has amended this measure by changing the effective date to July 1, 2060, 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. 1327, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1327, H.D. 1, S.D. 1.

 

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

 

 

 

________________________________

JILL N. TOKUDA, Chair