STAND.
COM. REP. NO. 1901-18
Honolulu, Hawaii
, 2018
RE: S.B. No. 3000
S.D. 2
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 S.B. No. 3000, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO INNOVATION BUSINESS,"
begs leave to report as follows:
(1) Establishing a Research and Development Program within the Hawaii Technology Development Corporation to help Hawaii-based small businesses optimize research and development performed in the State; and
(2) Establishing the Research and Development Special Fund to provide funding for the Program and appropriating funds into the Special Fund.
The Oahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i, Makai Ocean Engineering, Inc., Oceanit, Navatek, Hawaii Food Industry Association, and some individuals testified in support of this measure. The Department of Budget and Finance, Hawaii Technology Development Corporation, and Chamber of Commerce 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 S.B. No. 3000, S.D. 2, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ SYLVIA LUKE, Chair |
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