STAND. COM. REP. NO. 975

Honolulu, Hawaii

, 2025

RE: H.B. No. 1007

H.D. 2

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2025

State of Hawaii

Madame:

Your Committee on Finance, to which was referred H.B. No. 1007, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Authorize the Hawaii Community Development Authority to cooperate with or assist public and private sector entities to engage in projects that improve the State;

(2) Establish the transit-oriented development infrastructure improvement program under the Hawaii Community Development Authority; and

(3) Repeal the transit-oriented development infrastructure improvement district and board.

Your Committee received testimony in support of this measure from the Department of Business, Economic Development, and Tourism; Hawaiʻi Community Development Authority; Office of Planning and Sustainable Development; Oahu Metropolitan Planning Organization; and Hawaiʻi Construction Alliance.

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. 1007, H.D. 2, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

KYLE T. YAMASHITA, Chair