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 S.B. No. 1405, S.D. 2, entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of special purpose revenue bonds in an amount not to exceed $10,000,000 to assist Hi-Tech Hawaii, Inc., in the planning, designing, and constructing of high technology research, development, and support facilities.

Hi-Tech Hawaii, Inc. testified in support of this measure. The Department of Hawaiian Home Lands supported the intent of this bill.

Your Committee has amended this bill by:

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 S.B. No. 1405, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1405, S.D. 2, H.D. 1, and be placed on the calendar for Third Reading.