STAND. COM. REP. NO. 682
Honolulu, Hawaii
, 2013
RE: H.B. No. 71
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2013
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B.
No. 71 entitled:
"A BILL FOR AN ACT RELATING TO HIGH
TECHNOLOGY,"
begs leave to report as follows:
The purpose of this measure is to
support high technology development and innovation in the State, thereby
increasing the State's economic strength by requiring the University of Hawaii
to extend the current land lease agreement with the High Technology Development
Corporation for a period of at least 25 years from the expiration date of the
existing lease.
The High Technology Development
Corporation; Hawaii Strategic Development Corporation; Kauai Chamber of
Commerce; Advocates for Consumer Rights; AMEL Technologies, Inc.; Renewable
Water Technologies, LLC; Curtis Consulting, LLC; Startup Capital Ventures;
Hawaii Aquaculture and Aquaponic Association; Archinoetics; Hawaii Consortium
for Medicine and Health; Hawaii Food Manufacturers Association; Ikayzo, inc.;
isisHawaii; Tapiki, LLC; Hawaii Venture Capital Association; Ohana Investment
Works, LLC; Hawaii Advocates for Consumer Rights; and several concerned
individuals supported this bill. The University of Hawaii opposed this
measure.
As affirmed by the record of votes of the members of
your Committee on Finance that is attached to this report, your Committee is in
accord with the intent and purpose of H.B. No. 71 and recommends that it pass
Third Reading.
Respectfully
submitted on behalf of the members of the Committee on Finance,
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SYLVIA LUKE, Chair
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