STAND. COM. REP. NO. 2802

Honolulu, Hawaii

RE:    S.B. No. 2776

       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. 2776, 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 require the Board of Directors of the High Technology Development Corporation to establish a creative film and media park.

     Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism.  Your Committee received written comments in opposition to this measure from the Department of Land and Natural Resources.  Written comments on this measure were submitted by the High Technology Development Corporation.

     Your Committee finds that there is presently no centralized creative film and media park in Hawaii.  The increase in the number of film production companies choosing to film in Hawaii, as well as rising interest in the film industry, has paved the way for new educational programs focusing on film and media production.  Your Committee further finds that the establishment of a creative film and media park will allow Hawaii residents interested in creative film and media to explore opportunities within the film and media industry without having to leave Hawaii and will provide a substantial number of employment opportunities.

     Your Committee has amended this measure by:

(1)  Inserting a new section that appropriates an unspecified sum to the High Technology Development Corporation for the establishment of a creative film and media park;

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

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

     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. 2776, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2776, S.D. 2.

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

____________________________

DAVID Y. IGE, Chair