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 HEARING

DATE:

FRIDAY, March 30, 2007

TIME:

5:30 P.M.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

A G E N D A # 4

SB 907

SD2, HD1

(HSCR1409)

RELATING TO AEROSPACE DEVELOPMENT.

Renames the Office of Space Industry, the Office of Aerospace Development, and adds additional duties relating to identifying and promoting opportunities for expanding and diversifying aerospace-related industries in the state. Appropriates funds.

EDB, FIN

SB 896

SD1, HD1

(HSCR1407)

RELATING TO HIGH TECHNOLOGY.

Appropriates an unspecified amount in FY 2007-2008 and FY 2008‑2009 to the High Technology Development Corporation to negotiate a ten-year lease to house a technology incubator and innovation center in a life sciences research complex in Kakaako and for planning, development, and operational costs of the center. Requires an annual progress report to the Legislature.

EDB/WLH, FIN

SB 1315

SD2, HD1

(HSCR1410)

RELATING TO THE ACCESS HAWAII COMMITTEE.

Codifies sections of Act 292, Session Laws of Hawaii 2000, to make the Access Hawaii Committee, which provides oversight of the internet portal manager, permanent. Adds a representative of the Legislature's data management system and the Administrative Director of the Judiciary to the committee.

EDB, FIN

SB 1365

SD2, HD2

(HSCR1405)

RELATING TO THE INNOVATION ECONOMY.

Requires the Employees' Retirement System to consider the allocation of funds for Hawaii venture capital investments, unless it is not prudent to do so; appropriates funds to the University of Hawaii Office of Technology Transfer and Economic Development to enter into a partnership with a private sector entity. Effective July 1, 2050.

EDB/HED, LAB, FIN

SB 795

SD2, HD1

(HSCR1375)

RELATING TO BUILDING CODES.

Creates a State Building Code Council. Establishes state building code and design standards. Appropriates funds.

CPC, FIN

SB 1008

SD1, HD1

(HSCR1280)

RELATING TO ANNUITIES.

Enacts a new part in insurance code to provide for sales and solicitations of annuities.

CPC, FIN

DECISION MAKING TO FOLLOW

PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 COPIES OF THEIR TESTIMONY AT LEAST 24 HOURS PRIOR TO THE HEARING TO: (1) THE COMMITTEE CHAIR IN ROOM 306, STATE CAPITOL, OR (2) THE HOUSE SGT.-AT-ARMS TESTIMONY DROP OFF BOX IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT. TESTIMONY MAY ALSO BE FAXED IF LESS THAN 5 PAGES IN LENGTH TO THE HOUSE SGT.-AT-ARMS OFFICE AT: 586-6501 (OAHU) OR 1-800-535-3859 (NEIGHBOR ISLANDS). WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES THAT IS NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8‑1/2" X 11" SHEET. FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586‑6200.

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.

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