STAND. COM. REP. NO.  570-12

Honolulu, Hawaii

                , 2012

RE:   H.B. No. 2145

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

Sir:

     Your Committee on Economic Revitalization & Business, to which was referred H.B. No. 2145 entitled:

"A BILL FOR AN ACT RELATING TO ECONOMIC DEVELOPMENT,"

begs leave to report as follows:

The purpose of this measure is to express as a State policy an intention to complete or facilitate the completion of a list of ten projects by December 31, 2023.

The Department of Transportation, Honolulu Authority for Rapid Transportation, The Chamber of Commerce of Hawaii, Oceanic Time Warner Cable, the Thirty Meter Telescope, and the Airlines Committee of Hawaii testified in support of this measure.  The Department of Budget and Finance and Department of Business, Economic Development, and Tourism testified in support of the intent of this measure.  The Sierra Club testified in opposition to this measure.

     Your Committee has amended this measure by:

     (1)  Deleting its contents and replacing them with language that identifies essential projects in key economic sectors that the State will complete or facilitate the completion of by December 31, 2023; and

     (2)  Changing the effective date to July 1, 2112, for the purposes of facilitating further discussion.

     Your Committee respectfully requests that the Committee on Finance further examine the scope of the State's involvement in the projects listed within the key economic sectors.

     As affirmed by the record of votes of the members of your Committee on Economic Revitalization & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2145, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2145, H.D. 1, and be referred to the Committee on Finance.

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

____________________________

ANGUS L.K. McKELVEY, Chair