Bill Text: HI SB1234 | 2013 | Regular Session | Amended

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Bill Title: High Technology Innovation Corporation; Hawaii Public Procurement Code

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2013-02-13 - Report adopted; Passed Second Reading and referred to WAM. [SB1234 Detail]

Download: Hawaii-2013-SB1234-Amended.html

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STAND. COM. REP. NO. 241

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 1234

 

 

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Madam:

 

     Your Committees on Economic Development, Government Operations and Housing and Technology and the Arts, to which was referred S.B. No. 1234 entitled:

 

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

 

beg leave to report as follows:

 

     The purpose and intent of this measure is to:

 

     (1)  Repeal part III of Act 240, Session Laws of Hawaii 2012, which repealed the High Technology Innovation Corporation (HTIC); and

 

     (2)  Exempt HTIC from chapter 103D, Hawaii Revised Statutes, the Hawaii Public Procurement Code.

 

     Your Committees received testimony in support of this measure from the High Technology Development Corporation and High Technology Innovation Corporation.

 

     Your Committees find that HTIC was established as a not-for-profit corporate body to leverage its tax deductible status and serve as a vehicle to receive donations from the private sector.  This provides access to new forms of funding usually not available to state agencies, such as foundation monies and donations from businesses previously assisted by the High Technology Development Corporation.  Further, HTIC can serve as an entity to house a proof of concept center, a significant objective of the Governor's HI Growth Initiative.

 

     HTIC's structure combined with the HI Growth Initiative will more easily allow private and public community resources to be pooled, leverage each others' strengths, and coordinate efforts toward the growth and development of the commercial high technology industry in Hawaii.  HTIC can also be used to foster inter-agency collaboration and allow for a more holistic approach to economic development.

 

     Your Committees further find that exempting HTIC from the procurement code will aid it in facilitating more public-private funding opportunities.

 

     As affirmed by the records of votes of the members of your Committees on Economic Development, Government Operations and Housing and Technology and the Arts that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 1234 and recommend that it pass Second Reading and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committees on Economic Development, Government Operations and Housing and Technology and the Arts,

 

____________________________ GLENN WAKAI, Chair		____________________________ DONOVAN M. DELA CRUZ, Chair