THE SENATE
                 THE TWENTIETH LEGISLATURE
                  REGULAR SESSION OF 2000

           COMMITTEE ON EDUCATION AND TECHNOLOGY
                 Senator David Ige, Chair
            Senator Norman Sakamoto, Vice-Chair

        COMMITTEE ON COMMERCE AND CONSUMER AFFAIRS
               Senator Brian Kanno, Co-Chair
             Senator Brian Taniguchi, Co-Chair

             COMMITTEE ON ECONOMIC DEVELOPMENT
             Senator Lorraine R. Inouye, Chair
             Senator Jan Yagi Buen, Vice-Chair

                     NOTICE OF HEARING

        DATE:    Friday, March 24, 2000

        TIME:    10:30 a.m.

        PLACE:   Conference Room 016
                 State Capitol
                 415 South Beretania Street

                        A G E N D A

HB 2901, HD2     RELATING TO THE NEW ECONOMY  EDU/CPN/ECD, WAM
        Consolidates state agencies that support technology-
        related businesses.  Allows qualified high technology
        businesses to sell their unused net operating loss
        carryover to any other taxpayer.  Expands the income
        tax exclusion for royalties and other income from high
        technology businesses.  Allows partnership investors
        the flexibility of allocating the high technology
        business investment tax credit among partners without
        regard to their proportionate interests in their
        partnership investment vehicle.  Makes the high-
        technology business investment tax credit and the tax
        credit for increasing research activities refundable
        to the taxpayer or allowing the credits to be used
        against the taxpayer's income tax liability in
        subsequent years until exhausted.  Conforms the state
        tax credit for increasing research activities with the
        federal tax credit.  Allows the board of trustees of
        the employees' retirement system (ERS) to invest ten
        percent of ERS funds in qualified high technology
        businesses.  Appropriates funds for education,
        workforce development, and University of Hawaii

 
        research and training.  Exempts members of the
        governor's special advisory council for technology
        development from the senate confirmation process and
        from the need to file a disclosure of financial
        interest with the state ethics commission.  Promotes
        Hawaii, through a coordinated statewide effort, as an
        internet and server-friendly place to conduct
        electronic commerce, including entering into
        appropriate public-private sector business
        partnerships.



HB 2403  RELATING TO AQUACULTURE                    ECD, WAM
(SB 2744)  Terminates the existence of the Hawaii Aquaculture
        Advisory Council by repealing Chapter 148D, HRS.
        (SAY B/R)

        DECISION MAKING TO FOLLOW, IF TIME PERMITS.

Persons wishing to testify should submit 50 single-sided, stapled
copies of their testimony to the committee clerk, Room 201, State
Capitol, 24 hours prior to the hearing. Testimony may also be
faxed if less than 5 pages in length, to the Senate Sergeant-At-
Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor
islands), at least 24 hours prior to the hearing.  When faxing,
please indicate to whom the testimony is being submitted, the
date and time of the hearing, and the required number of copies
needed for submittal.

If you require special assistance or auxiliary aids or services
to participate in the public hearing process (i.e., sign language
interpreter, wheelchair accessibility, or parking designated for
the disabled), please contact the committee clerk 24 hours prior
to the hearing so arrangements can be made.

Public Folder.  A folder labeled "Public Folder" containing the
measures and testimonies for the hearing will be available for
shared use by members of the public.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-
7335.



____________________________      _______________________________
Senator David Ige                 Senator Lorraine R. Inouye
Chair                             Chair



 
 
 
____________________________      _______________________________
Senator Brian Kanno               Senator Brian Taniguchi
Co-Chair                          Co-Chair