Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 2540, S.D. 2, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to provide financial assistance to community-based entrepreneurs by appropriating an unspecified amount of funds to the Community-Based Economic Development Program of the Department of Business, Economic Development, and Tourism (DBEDT).

Testimony in support of this bill was received from DBEDT, County of Hawaii Department of Research and Development, Hilo-Hamakua Community Development Corporation, Hawaii County Economic Opportunity Council, Hamakua Diversified Agricultural Association, Hawaii Alliance for Community-Based Economic Development, Hawaii Alliance for Arts Education, Nanakuli Neighborhood Housing Services, Inc., Waialua Farmers Cooperative, Ko'olauloa Educational Alliance Corporation, Ocean View Community Association, Inc., Community Works, Na Po'e Hoa 'Aina, Healthy Intentions, and numerous concerned individuals.

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. 2540, S.D. 2, H.D. 1, and recommends that it pass Third Reading.