STAND. COM. REP. NO. 719-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2443
                                     H.D. 2




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

Sir:

     Your Committee on Finance, to which was referred H.B. No.
2443, H.D. 1, 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
purpose revenue bonds and special facility revenue bonds to
develop high technology projects.

     The Hawaii Technology Trade Association and the Department
of Budget and Finance testified in support of this measure.  HTDC
supported the intent of this bill.

     Your Committee has amended this bill by making technical,
nonsubstantive amendments for clarity, consistency, and style.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
2443, H.D. 1, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as H.B. No. 2443, H.D.
2.


 
 
 
 
                                 STAND. COM. REP. NO. 719-00
                                 Page 2

 
                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair