STAND. COM. REP. NO. 770-18

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 Finance, to which was referred H.B. No. 2333, H.D. 1, 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, Ho‘omanapono Political Action Committee, Hawai‘i Farm Bureau, and a concerned individual supported this measure. Hawai‘i Alliance for Community-Based Economic Development offered comments for this measure.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2333, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair