STAND. COM. REP. NO.1085-02
Honolulu, Hawaii
, 2002
RE: H.R. No. 80
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Sir:
Your Committee on Economic Development and Business Concerns, to which was referred H.R. No. 80 entitled:
"HOUSE RESOLUTION REQUESTING THE CITY AND COUNTY OF HONOLULU TO CONSTRUCT A MULTI-PURPOSE CENTER IN NUUANU VALLEY,"
begs leave to report as follows:
The purpose of this resolution, as received, is to request the City and County of Honolulu to construct a multi-purpose center in Nuuanu Valley to serve the recreational, educational, and social needs of the residents of Nuuanu Valley.
The Hawaii Governmental Employees Association requested amendments to this measure.
Your Committee has amended this measure by:
(1) Deleting its contents and replacing it with provisions that:
(A) Requests the Legislative Reference Bureau (LRB) to study the movement of capital out of the State; and
(B) Requests LRB to report its findings and recommendations to the Legislature prior to the Regular Session of 2003;
and
(2)
Your Committee notes that the flow of capital out of the State hinders Hawaii's efforts to recover from the current economic slowdown. Your Committee also recognizes that other organizations such as the University of Hawaii retain considerable expertise in the area of business and economic analysis and have indicated a willingness to provide assistance and input for this study.
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 concurs with the intent and purpose of H.R. No. 80, as amended herein, and recommends that it be referred to the Committee on Finance in the form attached hereto as H.R. No. 80, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Economic Development and Business Concerns,
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____________________________ LEI AHU ISA, Chair |
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