STAND. COM. REP. NO.  998

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 250

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 250, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ALOHA TOWER DEVELOPMENT CORPORATION,"

begs leave to report as follows:

     The purpose of this bill is to better update and improve commercial harbor infrastructure and facilities statewide by:

     (1)  Authorizing the Aloha Tower Development Corporation (ATDC) to assist the Department of Transportation (DOT) in this endeavor; and

     (2)  Requiring ATDC to apply any revenues derived from commercial development projects in the area seaward of Nimitz Highway between Pier 4 and the Honolulu International Airport, subject to existing contractual and statutory commitments to DOT.

     DOT, ATDC, Alexander & Baldwin, Inc., Matson Navigation Company, The Chamber of Commerce of Hawaii, and Hawaii Harbor Users Group testified in support of this bill.

     Your Committee has amended this bill by:

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

     (2)  Making technical, nonsubstantive amendments 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. 250, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 250, H.D. 2.

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

____________________________

MARCUS R. OSHIRO, Chair