STAND. COM. REP. NO. 1179-04

Honolulu, Hawaii

, 2004

RE: S.B. No. 2281

S.D. 1

H.D. 1

 

 

 

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 S.B. No. 2281, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HIGH TECHNOLOGY DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose of this bill is to:

(1) Permit the High Technology Development Corporation (HTDC) to deposit moneys into a private trust account that are collected or received for:

(A) Projects under a contract for services; and

(B) The development, management, operation, and maintenance of non-HTDC industrial parks, projects, and facilities;

and

(2) Remove the cap on the High Technology Special Fund.

HTDC testified in support of this bill.

 

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 S.B. No. 2281, S.D. 1, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

 

____________________________

DWIGHT Y. TAKAMINE, Chair