HOUSE OF REPRESENTATIVES	H.B. NO.	70
TWENTY-SEVENTH LEGISLATURE, 2013		H.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO ECONOMIC DEVELOPMENT.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  Act 240, Session Laws of Hawaii 2012, is amended as follows:

     1.  By repealing part III:

["PART III

SECTION 5.  The purpose of this part is to repeal the high technology innovation corporation.

SECTION 6.  Chapter 206M, part IV, Hawaii Revised Statutes, is repealed."]

     2.  By amending section 8 to read:

     "SECTION 8.  This Act shall take effect upon its approval[; provided that section 6 shall take effect on June 30, 2013]."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.

     SECTION 3.  This Act shall take effect on June 29, 2013.

Report Title:

High Technology Innovation Corporation

Description:

Deletes the repeal of the High Technology Innovation Corporation and the Corporation's exemption from the Procurement Code.  Effective June 29, 2013.  (HB70 HD1)

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