CONFERENCE COMMITTEE REPORT NO. 53

                            Honolulu, Hawaii
                                            , 2000

                            RE:   S.B. No. 2530
                                  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. 2530, S.D. 1, H.D. 1, entitled:  

     "A BILL FOR AN ACT RELATING TO AGRICULTURE," 

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 issuance of
special purpose revenue bonds in a total amount not to exceed
$10,000,000, to assist Hawaii Gold Cacao Tree, Inc., in financing
the establishment of facilities in the County of Hawaii to
process cacao beans and to manufacture and produce cacao and
chocolate products.

     Your Committee has amended this measure to reinsert the
language that was deleted by the House version requiring the
Department of Budget and Finance to process applications for
special purpose revenue bonds under this Act in accordance with
the requirements of its "Formal Application for Financing of an

 
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                            CONFERENCE COMMITTEE REPORT NO. 53
                            Page 2



Industrial Enterprise" as it existed on October 22, 1987, and to
report to the legislature twenty days before the convening of the
regular sessions of 2001 and 2002 regarding any progress made
with respect to the issuance of the special purpose revenue bonds
authorized by this Act.

     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. 2530, 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. 2530, 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. WILLIE C. ESPERO             Sen. JONATHAN CHUN
Co-Chair                          Co-Chair

 
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