STAND. COM. REP. NO.787

Honolulu, Hawaii

, 2001

RE: H.B. No. 870

 

 

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. 870 entitled:

"A BILL FOR AN ACT RELATING TO PUBLIC LANDS,"

begs leave to report as follows:

The purpose of this bill is to clarify that obtaining a loan or mortgage is not a prerequisite to extending or modifying a lease of public lands.

The Hawaii Farm Bureau Federation testified in support of this bill. The Department of Land and Natural Resources and Hawaii Forest Industry Association opposed this bill.

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. 870 and recommends that it pass Third Reading.

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

____________________________

DWIGHT Y. TAKAMINE, Chair