Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1657 entitled:

begs leave to report as follows:

The purpose of this bill is to support energy research and technology by authorizing the issuance of $10,000,000 in special purpose revenue bonds to assist Hoku Scientific in planning, designing, constructing, and equipping facilities for the production of the company's core products.

Hoku Scientific and the Hawaii Technology Trade Association supported this bill.

Your Committee has amended this measure by:

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. 1657, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1657, H.D. 1.