Bill Text: HI SB752 | 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; Enterprise Zone Program; Department of Business, Economic Development, and Tourism Operation Special Fund; Temporary Surcharge

Spectrum: Moderate Partisan Bill (Democrat 4-1)

Status: (Engrossed - Dead) 2012-04-13 - (H) Received notice of all Senate conferees being discharged (Sen. Com. No. 747). [SB752 Detail]

Download: Hawaii-2012-SB752-Amended.html

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STAND. COM. REP. NO. 752

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 752

       S.D. 2

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 752, S.D. 1, entitled:

 

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

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to expand the uses of the Hawaii community-based economic development revolving fund (revolving fund) to include operational and certain personnel funding for the community-based economic development technical and financial assistance program and the enterprise zone program.

 

     This measure also appropriates funds from the revolving fund for these purposes.

 

     Your Committee received written comments in support of this measure from Richard C. Lim, Interim Director, Department of Business, Economic Development, and Tourism.

 

     Your Committee finds that this measure secures funding for programs that are important economic generators for the State and that assist small businesses, expand job creation, and develop a healthier economic environment in Hawaii.

 

     Your Committee has amended this measure by:

 

     (1)  Adding a new part clarifying that moneys in the hydrogen investment capital special fund are to be expended by the Hawaii Strategic Development Corporation;

 

     (2)  Correcting references to the community-based economic development technical and financial assistance program;

 

     (3)  Changing the effective date to July 1, 2050, to facilitate further discussion on the issue; and

 

     (4)  Making technical, nonsubstantive amendments for purposes of clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 752, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 752, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

		____________________________ DAVID Y. IGE, Chair