STAND. COM. REP. NO. 449-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2802
                                     





Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Agriculture, to which was referred H.B.
No. 2802 entitled: 

     "A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL
     PURPOSE REVENUE BONDS FOR PROCESSING ENTERPRISES,"

begs leave to report as follows:

     The purpose of this bill is to authorize the issuance of a
special purpose revenue bonds to assist the Hawaii Food Resource
Center in planning and building a multi-function food processing
facility on the island of Oahu.

     Your Committee notes that the Hawaii Food Resource Center is
proposed to be a multi-function, multi-user facility designed for
food processing, including temporary storage, consolidation,
distribution, transshipment, product development, retail and
wholesale showcasing for local residents as well as tourists, and
has the potential to become the "blockbuster" of food processing
operations in the United States creating significant employment
opportunities in the State.

     Hawaii Food Resource Center, the Industry Network
Corporation, and the Waialua Farmers Cooperative submitted
testimony in support of the measure.  The Department of
Agriculture testified in support of the intent of the measure.

     As affirmed by the record of votes of the members of your
Committee on Agriculture that is attached to this report, your

 
 
                                 STAND. COM. REP. NO. 449-00
                                 Page 2

 
Committee is in accord with the intent and purpose of H.B. No.
2802 and recommends that it pass Second Reading and be referred
to the Committee on Finance.

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



                                   ______________________________
                                   FELIPE P. ABINSAY, JR., Chair