STAND. COM. REP. NO. 167-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2258
                                     H.D. 1





Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii


Sir:

     Your Committees on Economic Development and Business
Concerns and Consumer Protection and Commerce, to which was
referred H.B. No. 2258 entitled: 

     "A BILL FOR AN ACT RELATING TO CAPITAL ACCESS PROGRAM,"

beg leave to report as follows:

     The purpose of this bill is establish a capital access
program (program) in the Department of Commerce and Consumer
Affairs (DCCA).

     The Department of Business, Economic Development, and
Tourism (DBEDT) testified in support of the intent of this
measure.  DCCA submitted comments on this measure.

     Your Committees note that the purpose of the program is to
encourage lending to small- and medium-sized businesses and
nonprofit organizations, and accordingly, have amended this bill
by establishing the program in DBEDT, rather than in DCCA.

     Technical, nonsubstantive amendments were made to conform to
drafting conventions.

     As affirmed by the records of votes of the members of your
Committees on Economic Development and Business Concerns and
Consumer Protection and Commerce that are attached to this

 
 
 
                                 STAND. COM. REP. NO. 167-00
                                 Page 2

 
report, your Committees are in accord with the intent and purpose
of H.B. No. 2258, as amended herein, and recommend that it pass
Second Reading in the form attached hereto as H.B. No. 2258, H.D.
1, and be referred to the Committee on Finance.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committees on Economic
                                   Development and Business
                                   Concerns and Consumer
                                   Protection and Commerce,

                                   
                                   
                                   
______________________________     ______________________________
RON MENOR, Chair                   ROBERT N. HERKES, Chair