STAND. COM. REP. NO. 785-06

Honolulu, Hawaii

, 2006

RE: H.B. No. 3057

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 3057 entitled:

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

begs leave to report as follows:

The purpose of this bill is to appropriate funds to the High Technology Development Corporation (HTDC) to increase funding levels necessary to meet the current needs of:

(1) The Hawaii Small Business Innovation Research Assistance Program;

(2) The proposed Hawaii Small Businesses Technology Transfer Grant program; and

(3) The Phase 0 Competition Assistance program.

The Department of Business, Economic Development, and Tourism, HTDC, Hawaii Science and Technology Council, Archinoetics, Hoku Scientific, 21st Century Systems, Inc., Hawaii Aquaculture Association, High Health Aquaculture, Oceanit, Mauna Kea Infrared, Hawaii Biotech, Inc., and Referentia Systems, Inc., supported this bill.

Your Committee has amended this bill by:

(1) Changing the effective date to July 1, 2020, to encourage further discussion; and

(2) Making technical, nonsubstantive changes for clarity, consistency, and style.

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. 3057, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 3057, H.D. 1.

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

 

____________________________

DWIGHT TAKAMINE, Chair