STAND. COM. REP. NO. 1217-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.R. No. 86
                                     




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

Sir:

     Your Committees on Economic Development and Business
Concerns and Higher Education, to which was referred H.R. No. 86
entitled: 

     "HOUSE RESOLUTION REQUESTING THE HAWAII INSTITUTE OF PUBLIC
     AFFAIRS TO CONDUCT A PUBLIC POLICY REPORT ON HAWAII AND THE
     NEW ECONOMY,"

beg leave to report as follows:

     The purpose of this resolution is to request the Hawaii
Institute for Public Affairs (HIPA) to conduct a public policy
report on Hawaii's strategic environmental, human, and
technological resources and capabilities, focusing on activities
that can be initiated currently but whose impacts will mainly be
felt in the formation of a New Economy.

     The Hawaii State Commission on the Status of Women, the
University of Hawaii Professional Assembly, HIPA, the Hawaii
Association of REALTORS, Salomon Smith Barney, Inc., and several
individuals testified in support of the measure.  The High
Technology Development Corporation testified in support of the
intent of the measure.  The Department of Commerce and Consumer
Affairs submitted comments on this measure. 

     As affirmed by the records of votes of the members of your
Committees on Economic Development and Business Concerns and
Higher Education that are attached to this report, your
Committees concur with the intent and purpose of H.R. No. 86 and
recommend that it be referred to the Committee on Finance.

 
 
                                 STAND. COM. REP. NO. 1217-00
                                 Page 2

 
                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committees on Economic
                                   Development and Business
                                   Concerns and Higher Education,

                                   
                                   
                                   
                                   
______________________________     ______________________________
DAVID MORIHARA, Chair              ROBERT N. HERKES, Chair