STAND. COM. REP. NO. 623-00

                                 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 Finance, 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
special purpose revenue bonds to assist the Hawaii Food Resource
Center in planning and building a multi-function food processing
facility on Oahu.

     The Office of Hawaiian Affairs, INC Industry Network
Corporation, and an individual testified in support of this bill.
The Department of Agriculture supports the intent of this bill.

     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 H.B. No.
2802 and recommends that it pass Third Reading.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair