Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2661, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to assist individuals and businesses situated near military installations that are undergoing realignment or closure by directing the Department of Business, Economic Development, and Tourism (DBEDT) to assist in obtaining financing for economic development projects to address the impacts of changes on these businesses and individuals.

The Chamber of Commerce of Hawaii, Malama O Wahiawa, and concerned individuals testified in support of this bill. DBEDT supported the intent of this measure.

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 H.B. No. 2661, H.D. 1, and recommends that it pass Third Reading.