CONFERENCE COMMITTEE REP. NO.99-02

Honolulu, Hawaii

, 2002

RE: S.B. No. 2228

S.D. 1

H.D. 2

C.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

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. 2228, S.D. 1, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST INDUSTRIAL 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 up to $10,000,000 in special purpose revenue bonds to assist the Hawaii Macadamia Tree, Incorporated in establishing a macadamia processing and production facility on the island of Hawaii.

Your Committee finds that macadamia nut processing and production can help fill the void created by the cessation of sugar operations in Hawaii, particularly in terms of jobs and revenues to the State.

Your Committee has amended this measure by changing the effective date to July 1, 2002, and making technical, nonsubstantive stylistic changes.

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. 2228, S.D. 1, H.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2228, S.D. 1, H.D. 2, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

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FELIPE P. ABINSAY, JR., Co-Chair

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JAN YAGI BUEN, Chair

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BENJAMIN C. CABREROS, Co-Chair

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COLLEEN HANABUSA, Co-Chair

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ROD TAM, Co-Chair