Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Economic Development and Business Concerns, to which was referred H.B. No. 793 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of general obligation bonds and appropriate funds to purchase and redevelop the Molokai Electric Power Plant site by Molokai Community Service Council, provided that the funds are expended only for the establishment of a business incubator and telecommunications hub on the property.

The U.S. Department of Commerce, Economic Development Association, Office of Hawaiian Affairs, the Chair and a councilmember of Maui County, Moloka'i Community Service Council, and several individuals testified in support of the measure.

Your Committee has amended this bill by:

As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 793, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 793, H.D. 1, and be referred to the Committee on Finance.