STAND. COM. REP. NO.862

Honolulu, Hawaii

, 2003

RE: S.B. No. 1249

S.D. 2

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1249, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO SMALL BUSINESS TECHNOLOGY TRANSFER GRANTS,"

begs leave to report as follows:

The purpose of this measure is to authorize the High Technology Development Corporation to provide matching grants to small businesses that receive small business technology transfer awards or contracts from federal agencies.

This measure also appropriates general funds to the High Technology Development Corporation to make those grants.

Your Committee finds that the corporation's grants program has helped to increase research and development activities in the State and helped local companies attract millions of dollars into Hawaii. This measure will also encourage greater collaboration between university researchers and industry, and thereby help stimulate the commercialization of university research projects.

Your Committee has amended this measure by changing the appropriation figure to an unspecified amount for the purposes of continuing discussion on the matter.

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 S.B. No. 1249, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1249, S.D. 2.

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

____________________________

BRIAN T. TANIGUCHI, Chair