CONFERENCE COMMITTEE REPORT NO. 52

                            Honolulu, Hawaii
                                            , 2000

                            RE:   S.B. No. 2411
                                  S.D. 1
                                  H.D. 1
                                  C.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Conference on the disagreeing vote of the
Senate to the amendments proposed by the House of Representatives
in S.B. No. 2411, S.D. 1, H.D. 1, entitled:  

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

having met, and after full and free discussion, has agreed to
recommend and does recommend to the respective Houses the final
passage of this bill in an amended form.

     The purpose of this measure is to authorize the issuance of
special purpose revenue bonds in a total amount not to exceed
$10,000,000, to assist Kauai Coffee Company, Incorporated in
planning and building a processing plant for freeze dried coffee,
at a site to be determined.

     Your Committee has amended this measure to add language
clarifying that the Department of Budget and Finance shall:

     (1)  Evaluate Kauai Coffee Company Inc.'s application for
          financing of the processing plant using the information

 
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          submitted on Form P-501, entitled "Formal Application
          for Financing of an Processing Enterprise", dated
          June 1, 1999; and

     (2)  Report its findings and recommendation to the
          legislature not less than twenty days before the
          convening of the Regular Session of 2001.

     As affirmed by the record of votes of the managers of your
Committee on Conference that is attached to this report, your
Committee on Conference is in accord with the intent and purpose
of S.B. No. 2411, S.D. 1, H.D. 1, as amended herein, and
recommends that it pass Final Reading in the form attached hereto
as S.B. No. 2411, S.D. 1, H.D. 1, C.D. 1.

                                   Respectfully submitted on
                                   behalf of the managers:

  ON THE PART OF THE HOUSE           ON THE PART OF THE SENATE




_____________________________     _______________________________
Rep. FELIPE P. ABINSAY, JR.       Sen. LORRAINE R. INOUYE
Co-Chair                          Co-Chair



_____________________________     _______________________________
Rep. EZRA R. KANOHO               Sen. JONATHAN CHUN
Co-Chair                          Co-Chair

 
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