STAND. COM. REP. 1416

Honolulu, Hawaii

, 2003

RE: S.B. No. 1496

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 1496 entitled:

"A BILL FOR AN ACT RELATING TO AGRICULTURE,"

begs leave to report as follows:

The purpose of this bill is to facilitate cacao processing and production in Hawaii by extending the authorization to issue $10,000,000 in special purpose revenue bonds (SPRBs) for Hawaii Gold Cacao Tree, Inc., from June 30, 2003, to June 30, 2005.

The Department of Agriculture, Hawaii Gold Cacao Tree, Inc., Hawaii Agriculture Research Center, Hakalau Farm & Nursery, and ten concerned individuals supported this bill. Business Insurance Services, Inc., submitted comments.

Your Committee has amended this bill by changing the effective date to July 1, 2010, to promote further discussion on this measure.

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 S.B. No. 1496, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1496, H.D. 1, and be placed on the calendar for Third Reading.

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair