STAND. COM. REP. NO. 309

Honolulu, Hawaii

RE: S.B. No. 573

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 573 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 amend the law relating to economic development.

Prior to the hearing on this measure, your Committee posted and made available for public review a proposed Senate Draft 1, which amends this measure by deleting its contents and replacing it with contents to change the governing body of the Hawaii Technology Development Corporation by replacing the member appointed from the University of Hawaii with an at-large member.

Your Committee has amended this measure by adopting the proposed S.D. 1.

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. 573, as amended herein, and recommends that it be recommitted to your Committee on Ways and Means, in the form attached hereto as S.B. No. 573, S.D. 1, for further consideration.

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

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DONOVAN M. DELA CRUZ, Chair