STAND. COM. REP. NO. 740-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2996
                                     H.D. 2




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.
2996, 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 expand the Agricultural Loan
Program (Program) by:

     (1)  Reducing state residency requirements for permanent
          resident aliens seeking financing under the Program;
          and

     (2)  Making loans available through the Program to qualified
          part-time farmers and food manufacturers located in the
          State who use Hawaii-grown agricultural products.

     The Department of Agriculture testified in support of this
measure.

     Your Committee has amended this measure by making technical,
nonsubstantive amendments for purposes of 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 H.B. No.
2996, H.D. 1, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as H.B. No. 2996, H.D.
2.

 
 
                                 STAND. COM. REP. NO. 740-00
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair