STAND. COM. REP. NO. 2722

Honolulu, Hawaii

RE:    S.B. No. 2399

       S.D. 2

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 2399, S.D. 1, entitled:

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

begs leave to report as follows:

     The purpose and intent of this measure is to establish a geriatric research and technology park to be administered by the Board of Directors of the High Technology Development Corporation.

     Your Committee received written comments in support of the measure from one individual.  The High Technology Development Corporation submitted written comments.

     Your Committee finds that establishing an economic hub for the geriatric industry in central Oahu may attract new businesses and technologies into the area, providing jobs for central Oahu communities.  Furthermore, the High Technology Development Corporation is the ideal public agency to develop a geriatric research and technology park, because it has a core competency in technology and manufacturing and has the authority to develop technology parks.

     Your Committee has amended this measure by:

(1)  Adding an appropriation of an unspecified amount for the High Technology Development Corporation to develop the geriatric research and technology park;

(2)  Clarifying the name of the adult day care center referenced in the bill as "Aged to Perfection";

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

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

     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. 2399, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2399, S.D. 2.

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

____________________________

DAVID Y. IGE, Chair