Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2840, H.D. 1, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to fund a portion of the matching funds needed for the Hawaii Community Development Authority to receive federal grant moneys from the United States Department of Commerce, Economic Development Administration to conduct economic master planning for Kalaeloa.

Your Committee finds that Hawaii's growing economy offers new opportunities for Kapolei -- Oahu's "second city". Development in this area, which is lacking in job growth, would support a major component of Hawaii's twenty-first century "knowledge economy", build a strong, diverse economic base for the area, and expand the opportunities for existing and new businesses.

Further, your Committee finds that in order to maximize the economic potential of Kalaeloa, a comprehensive, well-organized master plan is needed to analyze potential uses and determine the most beneficial use of the area. As the United States Department of Commerce, Economic Development Administration recently made grant moneys available to develop such a plan, your Committee believes that matching funds should be appropriated to ensure that the grant moneys are received for this development.

Your Committee amended this measure by changing the amount appropriated from a blank amount to $1 in order to facilitate continued discussion on this matter.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2840, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2840, H.D. 1, S.D. 2.