STAND. COM. REP. NO. 1281

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.C.R. No. 198
                                        




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Economic Development, to which was
referred S.C.R. No. 198 entitled:

     "SENATE CONCURRENT RESOLUTION SUPPORTING THE ABRACADABRA
     2000, WAIKIKI YACHT CLUB'S ALOHA RACING CHALLENGE TO THE
     ROYAL NEW ZEALAND YACHT SQUADRON FOR AMERICA'S CUP XXX,"

begs leave to report as follows:

     The purpose of this measure is to support the Aloha Racing
Foundation, its sponsors, and the Waikiki Yacht Club in their
endeavor to bring the America's Cup home to the United States.

     Your Committee received comments on this measure from the
Department of Business, Economic Development, and Tourism.

     Your Committee finds that the State is very supportive of
Hawaii's entry in the America's Cup, and has provided a facility
at Barber's Point for use by the Aloha Racing Foundation as well
as access to Maui's super computer for vessel design through the
High Technology Development Corporation.  Your Committee
acknowledges these efforts to encourage the Hawaii entry in the
America's Cup competition.

     As affirmed by the record of votes of the members of your
Committee on Economic Development that is attached to this
report, your Committee is in accord with the intent and purpose
of S.C.R. No. 198 and recommends that it be referred to the
Committee on Ways and Means.


 
a                                                     SCR198
                                   STAND. COM. REP. NO. 1281
                                   Page 2


                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Economic
                                   Development,



                                   ______________________________
                                   LORRAINE R. INOUYE, Chair

 
a                                                     SCR198