STAND. COM. REP. NO. 623

Honolulu, Hawaii

, 2019

RE: H.B. No. 338

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Economic Development & Business, to which was referred H.B. No. 338 entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII TECHNOLOGY DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose of this measure is to provide funding through the Research and Development Special Fund for the Research and Development Program of the Hawaii Technology Development Corporation (HTDC).

The Chamber of Commerce Hawaii, Pacific Agricultural Land Management Systems, Hawaii Oil Seed Producers, Makai Ocean Engineering, Inc., and a concerned individual testified in support of this measure. HTDC provided comments on this measure.

Your Committee has amended this measure by:

(1) Adding an appropriation in an unspecified amount through the Alternative Energy Research and Development Revolving Fund for HTDC to provide grants pursuant to the Alternative Energy Research and Development Program;

(2) Changing the appropriation through the Research and Development Special Fund for the purposes of the Research and Development Program to an unspecified amount;

(3) Changing its effective date to July 1, 2112; and

(4) Making technical, nonsubstantive amendments for clarity, consistency, and style.

Should the Committee on Finance deliberate on this measure further, your Committee on Economic Development & Business respectfully requests that it consider appropriating:

(1) $1,000,000 through the Alternative Energy Research and Development Revolving Fund for HTDC to provide grants pursuant to the Alternative Energy Research and Development Program; and

(2) $1,000,000 through the Research and Development Special Fund for the purposes of the Research and Development Program.

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. 338, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 338, 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,

____________________________

ANGUS L.K. McKELVEY, Chair