STAND. COM. REP. NO.769
Honolulu, Hawaii
, 2001
RE: H.B. No. 1310
H.D. 1
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. 1310 entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR HI-TECH HAWAII, INC,"
begs leave to report as follows:
The purpose of this bill is to authorize the issuance of special purpose revenue bonds (SPRBs) to assist Hi-Tech Hawai'i, Inc., with the financing or refinancing of the design and construction of a high-technology research and development facility.
Hi-Tech Hawai'i, Inc., submitted testimony in support of this bill. The Department of Hawaiian Home Lands submitted testimony in support of the intent of this bill. The Department of Budget and Finance submitted comments on this bill.
Your Committee has amended this bill by:
(1) Clarifying that the authorization to issue SPRBs in this bill is being made pursuant to only part V, chapter 39A, Hawaii Revised Statutes, relating to industrial enterprises;
(2) Leaving blank the SPRBs amount to facilitate further discussion; and
(3) Changing the effective date to July 1, 2001.
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. 1310, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1310, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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