STAND. COM. REP. NO. 1596
Honolulu, Hawaii
, 2005
RE: S.B. No. 1702
S.D. 1
H.D. 2
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 S.B. No. 1702, S.D. 1, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO HIGH TECHNOLOGY,"
begs leave to report as follows:
The purpose of this bill is to encourage the development of high technology in Hawaii by establishing the High Technology Innovation Corporation (HTIC) as a nonprofit entity attached to the High Technology Development Corporation (HTDC) to assist in attracting high technology development opportunities to the state.
HTDC and several concerned individuals supported this bill. The Department of Business, Economic Development, and Tourism supported the intent of this measure. The State Procurement Office offered comments.
Your Committee has amended this bill by:
(1) Changing its effective date to July 1, 2010, to promote further discussion; and
(2) Making technical, nonsubstantive amendments for style, clarity, and consistency.
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. 1702, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1702, S.D. 1, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
____________________________ DWIGHT TAKAMINE, Chair |
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