STAND. COM. REP. NO. 1782

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 5
                                     S.D. 2
                                     H.D. 2




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

Sir:

     Your Committee on Finance, to which was referred S.B. No. 5,
S.D. 2, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO AGRICULTURAL LOANS,"

begs leave to report as follows:

     The purpose of this bill is to help Hawaii's farmers be more
economically viable and productive by:

     (1)  Providing agricultural loans to qualified farmers to
          export crops and livestock and to farmers who are the
          subject of state eradication programs; and

     (2)  Appropriating funds from the Agricultural Loan
          Revolving Fund to farmers in economically depressed
          areas.

     The Department of Agriculture, the Hawaii Farm Bureau
Federation, and the Big Island Farm Bureau testified in support
of this measure.

     Your Committee has amended this measure by making technical,
nonsubstantive amendments for clarity and style.

     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. 5,
S.D. 2, H.D. 1, as amended herein, and recommends that it pass

 
 
                                 STAND. COM. REP. NO. 1782
                                 Page 2

 
Third Reading in the form attached hereto as S.B. No. 5, S.D. 2,
H.D. 2.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair