STAND. COM. REP. NO. 3582

Honolulu, Hawaii

RE: H.B. No. 1958

H.D. 1

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 1958, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose and intent of this measure is to support the Hawaii Technology Development Corporation's Small Business Innovation Research Program.

Your Committee received written comments in support of this measure from the Hawaii Technology Development Corporation; Hyperspective Studios, Inc.; Oceanit Laboratories, Inc.; Aina Ho`okupu o Kilauea; Referentia Systems, Inc.; Hawaii Fish Company; RevaComm; Hawaii Evolutionary Development, LLC; Nest Egg Guru, Inc.; Kampachi Farms and The Ocean Stewards Institute; Marine Genetics; Nalu Scientific, LLC; Spectrum Photonics; Makai Ocean Engineering, Inc.; Hawaii Biotech, Inc; TeleVoice 2000; the Chamber of Commerce Hawaii; the Oahu County Committee on Legislative Priorities of the Democratic Party of Hawai`i; Kuehnle AgroSystems, Inc.; and one concerned individual.

Your Committee finds that continued support for the Hawaii Technology Development Corporation's Small Business Innovation Research Program will help to further develop the State's technology sector.

Your Committee has amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the measure.

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 H.B. No. 1958, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1958, H.D. 1, S.D. 1.

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

________________________________

DONOVAN M. DELA CRUZ, Chair