STAND. COM. REP. NO.648

Honolulu, Hawaii

, 2001

RE: H.B. No. 1556

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1556 entitled:

"A BILL FOR AN ACT RELATING TO AGRICULTURAL LOANS,"

begs leave to report as follows:

The purpose of this bill is to amend chapter 155, Hawaii Revised Statutes, Agricultural Loans, to increase loan limits on class A and class C agricultural loans from $400,000 to $800,000.

The Department of Agriculture, Pineapple Growers Association of Hawaii, and Meadow Gold Dairies testified in support of this bill.

Your Committee finds that this measure will increase the flexibility of the State's agricultural loan program and provide greater opportunities for companies that are participating in the transition from large plantation farming to smaller, entrepreneurial farming.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1556 and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

DWIGHT Y. TAKAMINE, Chair