STAND. COM. REP. NO. 2804

Honolulu, Hawaii

RE: S.B. No. 2903

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 S.B. No. 2903 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 appropriate moneys to support the manufacturing development program operated by the Hawaii Technology Development Corporation.

Your Committee received written comments in support of this measure from the Hawaii Technology Development Corporation; Aloha Edibles, Inc.; Aloha Shoyu Company, Ltd.; Chamber of Commerce Hawaii; Hawaii Food Industry Association; Hawaii Coffee Company; Hawaii Fish Company; Hawaii Farm Bureau Federation; HONBLUE; Hyperspective Studios, Inc.; Kona Brewing Company; KYD, Inc.; Makai Ocean Engineering, Inc.; Maui Brewing Company; Maui Chamber of Commerce; Meadow Gold Dairies; OCC on Legislative Priorities Committee, Democratic Party of Hawaii; Oceanit Laboratories, Inc.; and one individual.

Your Committee finds that the Hawaii Technology Development Corporation manufacturing development program is important to the development of the manufacturing industry in the State. Your Committee believes that the continuation of support for the manufacturing development program will allow the program to continue to assist companies with investments in new equipment and employee training.

Your Committee has amended this measure by:

(1) Changing the appropriation from $1,500,000 to an unspecified amount;

(2) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

(3) Making technical nonsubstantive changes for purposes of clarity, consistency, and style.

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 S.B. No. 2903, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2903, S.D. 1.

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

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DONOVAN M. DELA CRUZ, Chair