STAND

STAND. COM. REP. NO. 887

Honolulu, Hawaii

, 2005

RE: S.B. No. 1304

S.D. 2

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1304, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TELEVISION AND FILM INDUSTRY DEVELOPMENT,"

begs leave to report as follows:

The purpose of this measure is to assist talented Hawaii filmmakers to obtain financing for their productions through a separate grants process supported by the Hawaii television and film development special fund.

Specifically, this bill:

(1) Increases membership in the Hawaii Television and Film Board from nine to eleven, giving both the Senate President and the Speaker of the House of Representatives one more appointment each;

(2) Outlines specific administrative procedures including funds disbursement and a grants review process aimed at furthering a sustainable local television and film industry;

(3) Allows grants related to television and film development and production to be deposited into the Hawaii television and film development special fund;

(4) Allows up to ten per cent of the moneys in the Hawaii television and film development special fund to be used by the Hawaii television and film development board to support the board's operations and administration of the special fund, and any grant, venture capital, or loan program; and

(5) Appropriates $2,000,000 to the board's special fund.

Your Committee believes that this bill will assist the Hawaii television and film development board to achieve its goals, including establishing a sustainable local television and film industry.

Upon further consideration, your Committee has amended this bill by:

(1) Changing the appropriated amount to an unspecified amount for purposes of stimulating further discussion; and

(2) Making technical nonsubstantive amendments for style and clarity.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1304, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1304, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

		____________________________ BRIAN T. TANIGUCHI, Chair