Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committees on Economic Development and Business Concerns and Health, to which was referred S.B. No. 1446, S.D. 2, entitled:

beg leave to report as follows:

The purpose of this bill is to appropriate a portion of the Hawaii tobacco settlement funds from the Emergency and Budget Reserve Fund (Rainy Day Fund) to support Hawaii-based development of healthcare and biomedical technology to detect cancer in its early stages.

The Hawaii Technology Trade Association and several representatives from Science and Technology International (STI) supported this bill.

The Department of Business, Economic Development, and Tourism supported the intent of this bill.

The Department of Budget and Finance opposed this bill.

Your Committees concur with the concerns about the use of tobacco settlement moneys for cancer detection development. While it may be a legitimate and noble purpose, cancer detection development does not rise to a level of an emergency justifying the use of Rainy Day Fund moneys.

Accordingly, your Committees have amended this bill by:

As affirmed by the records of votes of the members of your Committees on Economic Development and Business Concerns and Health that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 1446, S.D. 2, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 1446, S.D. 2, H.D. 1, and be referred to the Committee on Finance.