STAND. COM. REP. NO.1083
Honolulu, Hawaii
, 2001
RE: S.B. No. 1314
S.D. 2
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 Economic Development and Business Concerns, to which was referred S.B. No. 1314, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO THE ECONOMY,"
begs leave to report as follows:
The purpose of this bill is to diversify Hawaii's economy by:
(1) Establishing a joint legislative economic task force (Task Force) to develop clear goals and to establish an implementation plan;
(2) Appropriating funds to:
(A) Establish a program to attract investment from Pacific Rim countries;
(B) Plan, design, and construct physical improvements selected as part of a community-based strategic action planning process; and
(C) Market Hawaii products and services;
and
(3) Authorizing the issuance of general obligation bonds of an unspecified amount to extend the Community-based Economic Development Loan and Grant Program to information technology for distressed rural areas.
The National Federation of Independent Business testified in support of this bill. The Department of Business, Economic Development, and Tourism supported the intent of this bill. The Chamber of Commerce of Hawaii supported the establishment of the Task Force. The Department of Budget and Finance opposed this bill.
Your Committee finds that this bill will bring together industry, government, and educational leaders to develop clear goals and implement a plan to diversify Hawaii's economy.
Your Committee has amended this bill by:
(1) Repealing the sunset clause of Act 168, Session Laws of Hawaii 1998, to make the Hawaii Small Business Regulatory Flexibility Act permanent; and
(2) Making technical, nonsubstantive amendments for purposes of clarity, style, and consistency.
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 S.B. No. 1314, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1314, S.D. 2, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Development and Business Concerns,
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____________________________ LEI AHU ISA, Chair |