STAND. COM. REP. NO. 233

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1062
                                        




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Economic Development, to which was
referred S.B. No. 1062 entitled: 

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

begs leave to report as follows:
     
     The purpose of this measure is to allow trusts and limited
liability companies as applicants for agricultural park leases.

     Your Committee received testimony in support of this measure
from the Department of Agriculture, the Hawaii Farm Bureau, the
Big Island Farm Bureau, Hawaii Island Landscape Association, and
Keohole Ag Park Association.

     Your Committee finds that when the agricultural park program
was established, new entities such as revocable living trusts and
limited liability companies had not been established or widely
utilized.  This measure will allow lessees to transfer or
continue the leases to both surviving family members or successor
business entities.

     Your Committee believes this measure is in the public
interest and will provide additional protection to farmers and
their families with agricultural park leases.

     As affirmed by the record of votes of the members of your
Committee on Economic Development that is attached to this
report, your Committee is in accord with the intent and purpose

 
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                                   STAND. COM. REP. NO. 233
                                   Page 2


of S.B. No. 1062 and recommends that it pass Second Reading and
be referred to the Committee on Ways and Means.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Economic
                                   Development,



                                   ______________________________
                                   LORRAINE R. INOUYE, Chair

 
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