Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committees on Water, Land Use, and Hawaiian Affairs and Economic Development and Business Concerns, to which was referred H.B. No. 2447 entitled:

beg leave to report as follows:

The purpose of this bill is to authorize the Department of Hawaiian Home Lands (DHHL) to enter into business relationships with private companies.

This bill will significantly enhance DHHL's ability to:

(1) Enter into business ventures with private companies;

(2) Participate in economic development projects on Hawaiian

(3) Contribute to a reduction in the cost of housing;

(5) Generate additional revenues for DHHL.

DHHL testified in support of this bill.

As affirmed by the records of votes of the members of your Committees on Water, Land Use, and Hawaiian Affairs and Economic Development and Business Concerns that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 2447 and recommend that it pass Second Reading and be referred to the Committee on Finance.