STAND. COM. REP. NO. 439

Honolulu, Hawaii

, 2019

RE: H.B. No. 624

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committees on Lower & Higher Education and Economic Development & Business, to which was referred H.B. No. 624 entitled:

"A BILL FOR AN ACT RELATING TO THE STRUCTURE OF GOVERNMENT,"

beg leave to report as follows:

The purpose of this measure is to:

(1) Transfer the rights, powers, functions, and duties of the Hawaii Technology Development Corporation and Hawaii Strategic Development Corporation to the University of Hawaii; and

(2) Appropriate funds to the University of Hawaii for the succession and implementation of the rights, powers, functions, and duties of the Hawaii Technology Development Corporation and Hawaii Strategic Development Corporation.

The Oceanit Laboratories, Inc. and O‘ahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i supported this measure. The University of Hawai‘i System and Hawaii Technology Development Corporation provided comments.

Your Committees have amended this measure by changing its effective date to July 1, 2050, to encourage further discussion.

As affirmed by the records of votes of the members of your Committees on Lower & Higher Education and Economic Development & Business that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 624, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 624, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committees on Lower & Higher Education and Economic Development & Business,

____________________________ ANGUS L.K. McKELVEY, Chair

____________________________ JUSTIN H. WOODSON, Chair