CONFERENCE COMMITTEE REP. NO. 183

Honolulu, Hawaii

                 , 2007

RE:    H.B. No. 1670

       H.D. 2

       S.D. 2

       C.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir and Madam:

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1670, H.D. 2, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE INGENUITY CHARTER,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

     The purpose of this bill is to facilitate intellectual property development in Hawaii, while upholding high labor and environmental standards and funding instruction that encourages innovation by public school students, by:

(1)  Establishing the Ingenuity Company, a for-profit, limited liability company chartered by the State to own, license, use, and sell intellectual property for the benefit of inventors, labor unions, and public educators; and

(2)  Appropriating funds to capitalize the Ingenuity Company.

     Your Committee on Conference has amended this measure by:

     (1)  Inserting an appropriation of $30,000 to capitalize the fund; and

     (2)  Changing the effective date to July 1, 2007.

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1670, H.D. 2, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1670, H.D. 2, S.D. 2, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ CAROL FUKUNAGA, Chair	____________________________ KYLE T. YAMASHITA, Co-Chair
____________________________ NORMAN SAKAMOTO, Co-Chair	____________________________ ROY TAKUMI, Co-Chair
____________________________ ROSALYN H. BAKER, Co-Chair	____________________________ ALEX M. SONSON, Co-Chair
	____________________________ MARCUS R. OSHIRO, Co-Chair