STAND. COM. REP. NO.126

Honolulu, Hawaii

, 2001

RE: H.B. No. 1310

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Economic Development and Business Concerns, to which was referred H.B. No. 1310 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR HI-TECH HAWAII, INC.,"

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of up to $60,000,000 in special purpose revenue bonds to assist Hi-Tech Hawaii, Inc., with the development of a high technology research and development facility on Hawaiian home lands.

Hi-Tech Hawaii, Inc., testified in support of this measure. The Department of Hawaiian Home Lands (DHHL) testified in support of the intent of the measure. The Department of Budget and Finance submitted comments on the measure.

Your Committee finds that this measure would encourage the development of new economy businesses and generate income for DHHL.

As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1310 and recommends that it pass Second Reading and be referred to the Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Economic Development and Business Concerns,

____________________________

LEI AHU ISA, Chair