STAND. COM. REP. NO. 63-06

Honolulu, Hawaii

, 2006

RE: H.B. No. 2178

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Agriculture, to which was referred H.B. No. 2178 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"

begs leave to report as follows:

The purpose of this bill is to allow the Department of Budget and Finance (B&F) to issue special purpose revenue bonds to assist agricultural enterprises that directly benefit and serve important agricultural lands.

The Department of Agriculture, Department of Taxation, Land Use Research Foundation of Hawaii, Hawaii Crop Improvement Association, and the Hawaii Farm Bureau Federation supported this bill. B&F, Maui Land and Pineapple Company, Inc., and the Hawaii Agriculture Research Center supported the intent of this bill. Earthjustice, Hanalei Watershed Hui, and Sierra Club, Hawaii Chapter, opposed this measure.

As affirmed by the record of votes of the members of your Committee on Agriculture that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2178 and recommends that it pass Second Reading and be referred to the Committee on Judiciary.

 

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

 

____________________________

FELIPE P. ABINSAY, JR., Chair