STAND. COM. REP. NO. 664

Honolulu, Hawaii

RE:    S.B. No. 1247

       S.D. 2

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred S.B. No. 1247, S.D. 1, entitled:

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

begs leave to report as follows:

     The purpose and intent of this measure is to:

     (1)  Establish the Aloha Tower community development district within the Kakaako community development district; and

     (2)  Abolish the Aloha Tower Development Corporation, transferring its assets to the Department of Transportation and its zoning and planning jurisdiction to the Hawaii Community Development Authority.

     Your Committee received written comments in support of this measure from Richard C. Lim, Interim Director, Department of Business, Economic Development, and Tourism.

Your Committee received written comments in opposition to this measure from the Department of Transportation.

Your Committee received comments on this measure from Anthony J. H. Ching, Executive Director, Hawaii Community Development Authority.

     Your Committee finds that this measure will help ensure that the State's investment and objectives for the Aloha Tower Marketplace complex are protected and its potential is realized.

     Your Committee has amended this measure by:

     (1)  Making conforming amendments to sections 26-18, 36-27, 36-30, 171-2, and 171-64.7, Hawaii Revised Statutes, to reflect the repeal of the Aloha Tower Development Corporation and the new section references for the Aloha Tower fund;

     (2)  Changing the effective date to July 1, 2050, to facilitate further discussion on the issue; and

     (3)  Making technical amendments for the purposes of clarity, consistency, and style.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1247, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1247, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair