STAND. COM. REP. NO. 2606

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2239

       S.D. 1

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2239 entitled:

 

"A BILL FOR AN ACT RELATING TO ECONOMIC DEVELOPMENT,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to:

 

(1)  Exempt grants made under the community-based economic development program from the Hawaii public procurement code;

 

(2)  Clarify that the Hawaii Strategic Development Corporation is the expending agency for the moneys in the hydrogen investment capital special fund; and

 

(3)  Abolish the High Technology Innovation Corporation.

 

     Your Committee received written comments in support of this measure from the Hawaii Strategic Development Corporation.  The High Technology Development Corporation and the High Technology Innovation Corporation submitted written comments in opposition to this measure, and the Department of Business, Economic Development, and Tourism submitted written comments.

    

     Your Committee finds that exempting the grants of the community-based economic development program from the Hawaii public procurement code is in accord with legislative intent surrounding the establishment of the community-based economic development program in 1990.

 

     Your Committee also finds that, due to continuing state general fund support for the High Technology Development Corporation, the funding mechanism provided by the non-profit High Technology Innovation Corporation is no longer necessary.

 

     Your Committee further finds that clarifying the Hawaii Strategic Development Corporation's expenditure authority over the hydrogen investment capital special fund would facilitate the efficient and appropriate use of the fund.

 

     Your Committee has amended this measure by making a technical, nonsubstantive amendment for the purposes of clarity and consistency.

 

     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. 2239, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2239, S.D. 1.

 

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

 

 

 

____________________________

DAVID Y. IGE, Chair