STAND. COM. REP. NO.3536
RE: H.B. No. 2248
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Ways and Means, to which was referred H.B. No. 2248, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR PROCESSING ENTERPRISES,"
begs leave to report as follows:
The purpose of this measure is to issue special purpose revenue bonds to assist Poaka, Inc. in planning and constructing a food processing plant for coffee and other agricultural products.
Your Committee finds that the coffee industry in Hawaii recognizes the opportunities for expansion in the area of freeze-dried foods. Prospective buyers of freeze-dried coffee include the United States military, overseas markets, and niche markets such as eco-tourism that rely on portable and durable food products.
This bill assists the coffee industry by providing special purpose revenue bonds to Poaka, Inc. to plan and construct a food processing plant for coffee. The bill also assists other sectors of the agricultural industry that may patronize Poaka, Inc. to freeze-dry taro, papaya, mango, and other tropical fruits.
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 H.B. No. 2248, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
BRIAN T. TANIGUCHI, Chair