STAND. COM. REP. NO. 3619
RE: H.B. No. 2426
Honorable Ronald D. Kouchi
President of the Senate
Twenty-Ninth State Legislature
Regular Session of 2018
State of Hawaii
Your Committee on Ways and Means, to which was referred H.B. No. 2426, H.D. 1, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE AGRIBUSINESS DEVELOPMENT CORPORATION,"
begs leave to report as follows:
The purpose and intent of this measure is to authorize the issuance of general obligation bonds for the Agribusiness Development Corporation to acquire high value farm land in west Kauai.
Your Committee received written comments in support of this measure from the Department of Agriculture, Agribusiness Development Corporation, Hawaii Farm Bureau Federation, Hartung Brothers Hawaii, the Oahu County Committee on Legislative Priorities of the Democratic Party of Hawai`i, and Hawaii Cattlemens Council.
Your Committee finds that preserving agricultural lands for agricultural production will help to achieve agricultural self-sufficiency and sustainability, as well as help make west Kauai and the agriculture industry in the State more economically viable.
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. 2426, H.D. 1, S.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
DONOVAN M. DELA CRUZ, Chair