STAND. COM. REP. NO. 325-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 2333

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Economic Development & Business, to which was referred H.B. No. 2333 entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII COMMUNITY-BASED ECONOMIC DEVELOPMENT TECHNICAL AND FINANCIAL ASSISTANCE PROGRAM,"

begs leave to report as follows:

The purpose of this measure is to authorize the Department of Business, Economic Development and Tourism to deposit moneys it receives from the repayment of outstanding loans into the Hawaii community-based economic development revolving fund to be used to make loans and grants to small businesses.

The Department of Business, Economic Development and Tourism, Hawai‘i Farm Bureau, Hawaii Alliance for Community-Based Economic Development, Waianae Economic Development Council, and a concerned individual testified in support of this measure.

Your Committee has amended this measure by changing its effective date to July 1, 2112, to facilitate further discussion.

As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2333, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2333, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

____________________________

CINDY EVANS, Chair