STAND. COM. REP. NO. 1590

Honolulu, Hawaii

, 2005

RE: H.B. No. 1360

H.D. 2

S.D. 2

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 1360, H.D. 2, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE WAIALUA AGRIBUSINESS INCUBATOR,"

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of general obligation bonds for the planning and development of an agribusiness incubator in the Waialua district, Oahu.

Your Committee finds that an agribusiness incubator in the Waialua district, with its abundance of rich agricultural lands, will support entrepreneurs in developing new and enhanced methods for the manufacture of new agricultural products. This measure, authorizing the issuance of general obligation bonds in the sum of $300,000 for fiscal year 2005-2006, will enable the University of Hawaii to develop and manage the agribusiness incubator.

Your Committee has amended this measure by leaving the authorized bond amount unspecified to facilitate further discussion on this matter.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1360, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1360, H.D. 2, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

BRIAN T. TANIGUCHI, Chair