HOUSE OF REPRESENTATIVES

THE TWENTY-FOURTH LEGISLATURE

REGULAR SESSION OF 2007

COMMITTEE ON FINANCE

Rep. Marcus R. Oshiro, Chair

Rep. Marilyn B. Lee, Vice Chair

Rep. Della Au Belatti	Rep. Faye P. Hanohano	Rep. John Mizuno	Rep. James Kunane Tokioka
Rep. Tom Brower	Rep. Sharon E. Har	Rep. Bob Nakasone	Rep. Karen Leinani Awana
Rep. Mele Carroll	Rep. Michael Y. Magaoay	Rep. Karl Rhoads	Rep. Colleen Rose Meyer
Rep. Pono Chong	Rep. Joey Manahan	Rep. Roland D. Sagum, III	Rep. Gene Ward, Ph.D.

NOTICE OF DECISION MAKING

DATE:

Wednesday, February 28, 2007

TIME:

7:00 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

A G E N D A # 5

DECISION MAKING ONLY ON THE FOLLOWING BILLS PREVIOUSLY HEARD

HEARD ON FRIDAY, FEBRUARY 23, AGENDA # 1:

HB 194

(HSCR570)

RELATING TO THE NATURAL ENERGY LABORATORY OF HAWAII AUTHORITY.

Authorizes natural energy laboratory of Hawaii authority to acquire, hold, and sell qualified securities.

HED, EEP, FIN

HEARD ON FRIDAY, FEBRUARY 23, AGENDA # 5:

HB 1067

HD1

(HSCR705)

RELATING TO CERTIFICATES OF NEED.

Restructures the certificate of need (CON) requirements to: (1) reverse the order that the county and State councils hold hearings and make recommendations on CON applications and provide that, where the recommendation of the State council and the county council conflict, the ("SHPDA") Administrator shall give greater weight to the recommendation of the county council; (2) require that a hearing on a request for reconsideration from the denial of a CON be held on the island where the proposed medical facility is to be built or the medical activity is to occur; and (3) specify and narrow the types of medical facilities and medical activities that require a CON. Establishes a temporary blue ribbon panel to study the certificate of need process in other states and recommend changes or the abolishment of Hawaii's certificate of need process. (HB1067 HD1)

HLT/CPC, FIN

HEARD ON SATURDAY, FEBRUARY 24, AGENDA # 1:

HB 1279

HD2

(HSCR623)

RELATING TO THE INNOVATION ECONOMY.

Encourages the ERS to invest moderate amounts in Hawaii venture capital. Allows Department of Business, Economic Development, and Tourism to assess the effectiveness of the State investment and economic programs. Supports the operations and programs of a State operated technology incubator and innovation center in Kakaako. Establishes a local incubator facility for digital media infrastructure for film and TV productions and interactive game development. Establishes a music industry program at Honolulu Community College (MELE). Provides funds which allows the UH Office of Technology Transfer and Economic Development to enter into a partnership with a private sector entity. (HB1279 HD2)

EDB/HED, LAB, FIN

HB 1268

HD2

(HSCR524)

RELATING TO INNOVATION IN EDUCATION.

Establishes the Hawaii Excellence Through Science and Technology Academy Program to increase the readiness and motivation of public high school graduates to pursue post secondary training and career options in science, technology, engineering, and mathematics (STEM) disciplines. Establishes the Fostering Inspiration and Relevance Through Science and Technology Pre-academy Program. Establishes a professional development program to provide practicing public elementary, middle, and high school science and mathematics teachers with opportunities to increase their knowledge and understanding of recent developments in science, technology, and mathematics. Provides stipends as an initiative for individuals who hold degrees in STEM subjects to obtain teaching certificates through the UH's post baccalaureate certificate in secondary education program. Creates the Business and Education Internship and Mentorship Program. Establishes an Eminent Scholars Program to be funded by the State Akamai Investment Matching Special Fund, to enable UH to provide matching funds for donations to establish at least five permanently endowed chairs in the STEM disciplines at UH. Appropriates funds. (HB1268 HD1)

EDN/HED, EDB, FIN

HEARD ON SATURDAY, FEBRUARY 24 AGENDA # 4:

HB 519

(HSCR161)

RELATING TO THE STATE DEFERRED COMPENSATION PLAN.

Expands the definition of employee under the state deferred compensation plan to include employees who are excluded from participation in the employees' retirement system.

LAB, FIN

HB 852

(HSCR81)

RELATING TO THE EMPLOYEE RETIREMENT SYSTEM.

Permits all elective officers (rather than only members of the legislature) who attain the age of 65 to retire and receive a service retirement allowance while continuing to fill an elective position.

LAB, FIN

AS THIS IS A DECISION MAKING MEETING ONLY, NO PUBLIC TESTIMONY WILL BE ACCEPTED.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER, WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE COMMITTEE CLERK AT LEAST 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE STAFF AT 586-6200.

SELECTED HEARINGS ARE BROADCAST LIVE. CHECK THE CURRENT LEGISLATIVE BROADCAST SCHEDULE ON THE "CAPITOL TV" WEB SITE AT WWW.CAPITOLTV.ORG OR CALL 550-8074 FOR A LISTING.

________________________________________

Rep. Marcus R. Oshiro

Chair