Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Economic Development and Business Concerns, to which was referred H.B. No. 1756 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of special purpose revenue bonds for the development and production of unmanned vehicle systems, unmanned aerial vehicles, and integrated, multiuse unmanned systems technologies which offer commercial opportunities for Hawaii in the high-technology sector.

Aerovironment Hawaii, Inc./Electricore, Inc., submitted testimony in support of this measure. The Department of Budget and Finance offered comments on this measure.

Your Committee has amended this bill by:

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 H.B. No. 1756, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1756, H.D. 1, and be referred to the Committee on Finance.