STAND. COM. REP. NO.762
Honolulu, Hawaii
, 2001
RE: H.B. No. 1662
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. 1662 entitled:
"A BILL FOR AN ACT RELATING TO THE HIGH TECHNOLOGY DEVELOPMENT CORPORATION,"
begs leave to report as follows:
The purpose of this bill is to support qualified high technology projects by "re-enacting" legislation authorizing the High Technology Development Corporation (HTDC) to issue special facility revenue bonds to finance high technology facilities.
HTDC testified in support of this measure. The Office of the Governor and the Department of Budget and Finance offered comments.
Your Committee has amended this bill by:
(1) Requiring legislative authorization on the issuance of special facility revenue bonds; and
(2) Making technical, nonsubstantive amendments for purposes of style and clarity.
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. 1662, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1662, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
|
____________________________ DWIGHT Y. TAKAMINE, Chair |
||