STAND. COM. REP. NO. 868-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 2560

H.D. 2

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. 2560, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO A SUSTAINABLE ECONOMIC DEVELOPMENT STRATEGY,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Require the State Sustainability Coordinator to develop a sustainable economic development strategy using genuine progress indicators to generate recommendations that promote indigenous-based economies, economic diversity, and sustainability and report to the Legislature;

(2) Require the University of Hawaii to provide data mining services to the State Sustainability Coordinator for the development of the sustainable economic development strategy; and

(3) Appropriate funds for the development of a sustainable economic development strategy.

The Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii supported this measure. The Department of Business, Economic Development, and Tourism, Office of Planning, and University of Hawaii provided comments.

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. 2560, H.D. 2, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair