Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Economic Development & Business Concerns, to which was referred S.B. No. 2542, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to diversify Hawaii's economy by appropriating funds for the Department of Business, Economic Development, and Tourism's (DBEDT) Hawaii Community-Based Economic Development Technical and Financial Assistance Program.

The Office of Hawaiian Affairs, Hawaii Alliance of Nonprofit Organizations, Empower Oahu, Kipahulu Ohana, Hawaii Alliance for Community-Based Economic Development, Honolulu Community Action Program, Kona Pacific Farmers Cooperative, and Papakolea testified in support of this bill. DBEDT supported the intent of this measure.

As affirmed by the record of votes of the members of your Committee on Economic Development & Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2542, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.