STAND. COM. REP. NO. 1227

Honolulu, Hawaii

, 2005

RE: H.B. No. 1360

H.D. 2

S.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committees on Water, Land, and Agriculture and Higher Education, to which was referred H.B. No. 1360, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE WAIALUA AGRIBUSINESS INCUBATOR,"

beg leave to report as follows:

The purpose of this measure is to authorize the issuance of general obligation bonds for the design, planning, and construction of an agribusiness incubator in the Waialua District.

Your Committees received testimony in support of this measure from the Department of Agriculture, the University of Hawaii, the Hawaii Farm Bureau, Castle and Cook Hawaii, and one individual.

Your Committees find that businesses developed in an incubator environment have a significantly greater success rate than those developed without the benefits of incubation. Your Committees further find that an agribusiness incubator is an effective means by which the State can support the growth and expansion of Hawaii's agriculture sector, and aid entrepreneurs in the development and manufacture of new agricultural products.

Your Committees have amended this measure by:

(1) Changing the amount of the bonds to $300,000;

(2) Deleting the issuance of bonds for fiscal year 2006-2007; and

(3) Modifying the purpose of the appropriation to project planning only.

As affirmed by the records of votes of the members of your Committees on Water, Land, and Agriculture and Higher Education that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1360, H.D. 2, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 1360, H.D. 2, S.D. 1, and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committees on Water, Land, and Agriculture and Higher Education,

____________________________

CLAYTON HEE, Chair

____________________________

RUSSELL S. KOKUBUN, Chair