STAND. COM. REP. NO. 720-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2500
                                     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.
2500, H.D. 1, entitled: 

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

begs leave to report as follows:

     The purpose of this bill, as received by your Committee is
to require the Special Advisor of High Technology Development to:

     (1)  Develop a plan to organize Department of Business,
          Economic Development, and Tourism (DBEDT) Energy,
          Resources, and Technology Division into the newly-
          established High Technology Development Corporation
          (HTDC); and 

     (2)  Submit the plan, recommendations, and report of the
          actions taken pursuant to this bill to the Legislature
          prior to the convening of the Regular Session of 2001.

     The Special Advisor for Technology Development supported
this measure.  The HTDC and the DBEDT supported the intent of
this bill.  An individual opposed this bill.

     Upon further consideration, your Committee has amended this
bill by changing the "Special Advisor of High Technology
Development" to "Special Advisor for Technology Development" to
correctly reflect the title as it was established in section 27-
41, Hawaii Revised Statutes.


 
 
                                 STAND. COM. REP. NO. 720-00
                                 Page 2

 
     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.
2500, H.D. 1, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as H.B. No. 2500, H.D.
2.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair