STAND. COM. REP. NO. 1247-22

Honolulu, Hawaii

, 2022

RE: S.B. No. 3243

S.D. 1

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

Sir:

Your Committee on Economic Development, to which was referred S.B. No. 3243, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ECONOMIC DEVELOPMENT,"

begs leave to report as follows:

The purpose of this measure is to repeal the definition of "industrial park" and replace that term with the newly defined term "economic zone".

Your Committee received testimony in support of this measure from the Hawaii Technology Development Corporation and Maui Chamber of Commerce. Your Committee received comments on this measure from the Department of Budget and Finance.

Your Committee finds that the Hawaii Technology Development Corporation is responsible for developing and encouraging industrial parks as technology innovation centers. However, your Committee notes that the term "industrial park" has not been amended since Act 72, Session Laws of Hawaii 2000, and may no longer fit. This measure updates the terminology to "economic zone", as it is a more intuitive description.

Your Committee has amended this measure by making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Economic Development that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3243, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 3243, S.D. 1, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development,

____________________________

SEAN QUINLAN, Chair