Bill Text: HI SB2239 | 2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Community-Based Economic Development; Hydrogen Investment Capital Special Fund; High Technology Innovation Corporation

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Passed) 2012-07-10 - (S) Act 240, 7/6/2012 (Gov. Msg. No. 1343). [SB2239 Detail]

Download: Hawaii-2012-SB2239-Amended.html

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STAND. COM. REP. NO.  1182-12

 

Honolulu, Hawaii

                , 2012

 

RE:   S.B. No. 2239

      S.D. 1

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Energy & Environmental Protection, to which was referred S.B. No. 2239, S.D. 1, H.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 establish a Venture Accelerator Funding Program within the Hawaii Strategic Development Corporation to support organizations that closely integrate entrepreneurial support and capital investment to develop technology-based entrepreneurial commercialization outcomes in Hawaii and to appropriate funds for the program.

 

     The Chamber of Commerce of Hawaii and a concerned individual testified in support of this measure.  The Hawaii Strategic Development Corporation offered comments.

 

     As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2239, S.D. 1, H.D. 1, and recommends that it be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,

 

 

		____________________________ DENNY COFFMAN, Chair