STAND. COM. REP. NO. 1970

Honolulu, Hawaii

, 2019

RE: S.B. No. 990

S.D. 2

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 Finance, to which was referred S.B. No. 990, S.D. 2, H.D. 1, 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:

(1) Require the Department of Business, Economic Development, and Tourism (DBEDT) to engage a consulting firm to conduct a study to evaluate policies and organizational changes needed within DBEDT, specifically related to the Hawaii Strategic Development Corporation, Hawaii Technology Development Corporation, Pacific International Space Center for Exploration Systems, Aerospace Advisory Committee, and Natural Energy Laboratory of Hawaii Authority, to enable the State to successfully execute a technology-based economic development strategy; and

(2) Appropriate funds for DBEDT to engage a consulting firm to conduct the study.

The Hawaii Strategic Development Corporation and Ho‘omanapono Political Action Committee testified in support of this measure. DBEDT, Department of the Attorney General, Hawaii Technology Development Corporation, and Natural Energy Laboratory of Hawaii Authority provided comments on this measure.

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. 990, 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,

____________________________

SYLVIA LUKE, Chair