STAND. COM. REP. NO.786

Honolulu, Hawaii

, 2001

RE: H.B. No. 869

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 869 entitled:

"A BILL FOR AN ACT RELATING TO AGRICULTURAL LOANS,"

begs leave to report as follows:

The purpose of this bill is to allow new types of farming entities to qualify for the agricultural loan program by:

(1) Amending the definition of "qualified farmer" under chapter 155, Hawaii Revised Statutes (Agricultural loans); and

(2) Repealing the residency requirement for partnerships and corporations from the Agricultural Loan Program.

The Department of Agriculture testified in support of this bill.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 869 and recommends that it pass Third Reading.

 

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

____________________________

DWIGHT Y. TAKAMINE, Chair