STAND. COM. REP. NO.764
Honolulu, Hawaii
, 2001
RE: H.B. No. 1149
H.D. 2
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 1149, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST SCIENCE TECHNOLOGY INNOVATIONS,"
begs leave to report as follows:
The purpose of this bill is to authorize the issuance of special purpose revenue bonds to assist Science and Technology International (STI) to finance the capital costs to relocate and construct a new facility in Kakaako.
The Hawaii Community Development Authority and STI testified in support of this bill. High Technology Development Corporation supported the intent of this bill. The Department of Budget and Finance commented on this bill.
Your Committee has amended this bill by:
(1) Changing the bond authorization amount to $10,000,000; and
(2) Making technical, nonsubstantive amendments for purposes of clarity 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. 1149, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1149, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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