STAND. COM. REP. NO. 713-20

Honolulu, Hawaii

, 2020

RE: H.B. No. 2715

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2020

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2715, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO RESEARCH AND TECHNOLOGY GRANTS,"

begs leave to report as follows:

The purpose of this measure is to support research and development by establishing and appropriating funds for the Research and Technology Grant Program, to be administered by the Hawaii Technology Development Corporation, to provide grants to qualified research and technology companies in Hawaii for eligible projects that foster science, technology, engineering, or mathematics education at the K-12 or university levels.

Your Committee received testimony in support of this measure from the Chamber of Commerce Hawaii and Makai Ocean Engineering, Inc. Your Committee received comments on this measure from the Department of Education, Hawaii Technology Development Corporation, and one individual.

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 H.B. No. 2715, 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