STAND. COM. REP. NO. 1363_______

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 1062
                                     S.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Agriculture, to which was referred S.B.
No. 1062, S.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO AGRICULTURAL PARK LEASES,"

begs leave to report as follows:

     The purpose of this bill is to expand the eligibility for
agricultural park leases to include revocable living trusts and
limited liability companies.

     The Hawaii Farm Bureau Federation, the Big Island Farm
Bureau, and an individual testified in support of this bill.  The
Department of Agriculture (DOA) testified in support of this
bill, provided the bill does not adversely affect DOA's Executive
Biennium Budget.

     Your Committee notes that this bill will allow lessees
holding leases under revocable living trusts or limited liability
companies to transfer their interests in their leases to
surviving family members or successor business entities.

     As affirmed by the record of votes of the members of your
Committee on Agriculture that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
1062, S.D. 1, and recommends that it pass Second Reading and be
referred to the Committee on Finance.


 
 
 
 
                                 STAND. COM. REP. NO. 1363_______
                                 Page 2

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



                                   ______________________________
                                   FELIPE P. ABINSAY, JR., Chair