STAND. COM. REP. NO. 306-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2443
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:


     Your Committee on Economic Development and Business
Concerns, to which was referred H.B. No. 2443 entitled: 


     "A BILL FOR AN ACT RELATING TO HIGH TECHNOLOGY DEVELOPMENT
     CORPORATION,"


begs leave to report as follows:

     The purpose of this bill is to encourage greater high
technology development ventures in the State by allowing the High
Technology Development Corporation (HTDC) to issue special
revenue bonds and special facility revenue bonds for the
development of high technology projects.

     HTDC testified in support of this measure.  The Hawaii
Technology Trade Association testified in support of the intent
of this measure.

     Your Committee has amended this bill by making numerous
technical, nonsubstantive amendments for clarity, consistency,
and style and to conform to drafting requirements.

     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. 2443, as amended herein, and
recommends that it pass Second Reading in the form attached

 
 
                                 STAND. COM. REP. NO. 306-00
                                 Page 2

 
hereto as H.B. No. 2443, H.D. 1, and be referred to the Committee
on Finance.

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



                                   ______________________________
                                   ROBERT N. HERKES, Chair