Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committees on Economic Development and Water, Land, and Agriculture and Science, Arts, and Technology, to which was referred H.B. No. 2840, H.D. 1, entitled:

beg leave to report as follows:

The purpose of this measure is to find alternative ways to diversify Hawaii's economy by appropriating funds to the Hawaii Community Development Authority to further study the feasibility of developing a technical park at Kalaeloa, Oahu.

Testimony in support of the measure was received from the Hawaii Community Development Authority and one individual.

Your Committees find that the Hawaii Community Development Authority is eligible for a significant amount of grant money from the United States Department of Commerce, Economic Development Administration, to research and produce an economic master plan for Kalaeloa. The availability of this grant money is contingent upon the State providing a certain portion of matching funds. This federal grant represents an unparalleled opportunity for the State to create a comprehensive master plan for Kalaeloa that maximizes the economic potential of this area.

Your Committees have amended this measure to demonstrate the State's commitment in securing this federal grant money for the purpose of developing a comprehensive economic master plan for Kalaeloa. The appropriation amount is left blank to promote further discussion.

As affirmed by the records of votes of the members of your Committees on Economic Development and Water, Land, and Agriculture and Science, Arts, and Technology that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 2840, H.D. 1, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 2840, H.D. 1, S.D. 1, and be referred to the Committee on Ways and Means.