STAND. COM. REP. NO.  1477-08

Honolulu, Hawaii

                , 2008

RE:   S.B. No. 3166

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Economic Development & Business Concerns, to which was referred S.B. No. 3166 entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY,"

begs leave to report as follows:

     The purpose of this bill is to ensure that the small businesses of the Kakaako Community Development District are properly represented in the Hawaii Community Development Authority (HCDA) by requiring that at least two voting members of the HCDA represent small business.

     Numerous Kakaako small business owners and concerned citizens testified in support of this bill.

     Your Committee recognizes the importance of small businesses to Hawaii's economy and finds that the needs of small business owners must be considered when planning for community and economic development.  This measure will give small business owners a voting voice within HCDA.  However, your Committee believes that further discussion of the implementation of this measure may be needed, and has amended this bill by changing its effective date to July 1, 2034.  Technical, nonsubstantive amendments were also made for clarity, consistency, and style.

     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. 3166, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 3166, H.D. 1.

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business Concerns,

____________________________

KYLE T. YAMASHITA, Chair