STAND. COM. REP. NO.  1538-14

Honolulu, Hawaii

                , 2014

RE:   S.B. No. 2399

      S.D. 2

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 2399, S.D. 2, H.D. 1, entitled:

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

begs leave to report as follows:

The purpose of this measure is to authorize the High Technology Development Corporation to establish a geriatric research and technology park that will serve the emerging elderly population and stimulate economic growth.  The objective of the research and technology park shall be to encourage manufacturing jobs related to products and services focused on long-term services, including adult residential care homes, hospices, nursing homes, and assisted living facilities in a designated geographic hub.

The Executive Office on Aging and the High Technology Development Corporation commented on 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 S.B. No. 2399, S.D. 2, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair