STAND. COM. REP. NO.575-02
RE: H.B. No. 2549
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Finance, to which was referred H.B. No. 2549 entitled:
"A BILL FOR AN ACT RELATING TO EXTENSION OF PUBLIC LAND LEASES,"
begs leave to report as follows:
The purpose of this bill is to allow lessees of public lands to extend their leases to the extent necessary to amortize the cost of major improvements to the demised premises that are paid for by the lessee without institutional financing.
The Department of Land and Natural Resources, Hawaii Agriculture Research Center, and the Hawaii Farm Bureau Federation supported this measure.
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. 2549 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
DWIGHT Y. TAKAMINE, Chair