STAND. COM. REP. NO.  95-18

 

Honolulu, Hawaii

                , 2018

 

RE:   H.B. No. 1971

      H.D. 1

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

 

Sir:

 

     Your Committee on Agriculture, to which was referred H.B. No. 1971 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO KUNOA CATTLE COMPANY, LLC,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist Kunoa Cattle Company, LLC, in funding for the construction of a multi-species livestock farm, expansion of the current slaughter and processing infrastructure, development of distribution assets and agritourism services, and expansion of renewable energy assets.

 

     The Department of Agriculture, Hawaii Floriculture & Nursery Association, Hawaii Cattlemen's Council, Inc., Hawaii Farm Bureau, Kunoa Cattle Company, and Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii supported this measure.  The Keiko Conservation, Animal Rights Hawaii, and two individuals opposed this measure.  The Department of Budget and Finance provided comments.


     Your Committee has amended this measure by:

 

     (1)  Changing the amount of the special purpose revenue bond authorization to an unspecified amount; and

 

     (2)  Changing its effective date to July 31, 2150, to encourage further discussion.

 

     Should the Committee on Finance deliberate this measure further, your Committee on Agriculture respectfully requests that it consider authorizing the issuance of special purpose revenue bonds in a total amount not to exceed $50,000,000 to assist Kunoa Cattle Company, LLC.

 

     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. 1971, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1971, H.D. 1, and be referred to your Committee on Finance.

 

 

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

 

 

 

 

____________________________

RICHARD P. CREAGAN, Chair