STAND. COM. REP. NO.  747

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 425

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Judiciary, to which was referred H.B. No. 425, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TECHNOLOGY TRANSFER AT THE UNIVERSITY OF HAWAII,"

begs leave to report as follows:

The purpose of this measure is to facilitate the University of Hawaii's contribution to research commercialization and economic development for the State by specifying which State Code of Ethics sections do not apply to technology transfer activities sponsored by the University of Hawaii (UH); provided that the activities shall comply with UH-approved regulatory framework and research compliance program and policies.

UH, Hawaii Venture Capital Association, The Chamber of Commerce Hawaii, and an individual testified in support of this measure.  The Hawaii State Ethics Commission, Common Cause Hawaii, and Hoomana Pono opposed this measure.

     As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 425, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SCOTT Y. NISHIMOTO, Chair