STAND

STAND. COM. REP. NO. 1045

Honolulu, Hawaii

, 2005

RE: S.B. No. 1702

S.D. 1

H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committees on Economic Development & Business Concerns and Labor & Public Employment, to which was referred S.B. No. 1702, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO HIGH TECHNOLOGY,"

beg leave to report as follows:

The purpose of this bill is to assist in attracting high technology development opportunities to the State by establishing the High Technology Innovation Corporation (HTIC), a nonprofit entity attached to the High Technology Development Corporation (HTDC).

HTDC and several concerned individuals testified in support of this measure. The Department of Business, Economic Development, & Tourism (DBEDT) provided comments.

Your Committees have amended this bill by:

(1) Clarifying that HTIC shall be a public instrumentality of the State, rather than private;

(2) Attaching HTIC to DBEDT instead of HTDC, for administrative purposes;

(3) Preserving the employment rights of state officers and employees whose functions are transferred as a result of this measure; and

(4) Making technical, nonsubstantive amendments for clarity and style.

As affirmed by the records of votes of the members of your Committees on Economic Development & Business Concerns and Labor & Public Employment that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 1702, S.D. 1, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 1702, S.D. 1, H.D. 1, and be referred to the Committee on Judiciary.

Respectfully submitted on behalf of the members of the Committees on Economic Development & Business Concerns and Labor & Public Employment,

____________________________ KIRK CALDWELL, Chair		____________________________ ROBERT N. HERKES, Chair