STAND. COM. REP. NO. 2016

                                   Honolulu, Hawaii
                                                     , 2000

                                   RE:  S.B. No. 2411
                                        




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Economic Development, to which was
referred S.B. No. 2411 entitled: 

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

begs leave to report as follows:
     
     The purpose of this measure is to issue special purpose
revenue bonds not to exceed $10,000,000, to assist a cooperative
formed by coffee growers of Hawaii in planning and building a
processing plant for freeze dried coffee, at a site to be
determined.

     Testimony in favor of the intent of this measure was
submitted by the Department of Agriculture.

     Your Committee finds that it is important to support
ventures that can increase the value of Hawaii's agricultural
industry in an increasingly competitive market.  The development
of new products is one means of meeting this challenge by
Hawaii's coffee industry.

     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
of S.B. No. 2411 and recommends that it pass Second Reading and
be referred to the Committee on Ways and Means.


 
a                                                     SB2411
 
                                   STAND. COM. REP. NO. 2016
                                   Page 2


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



                                   ______________________________
                                   LORRAINE R. INOUYE, Chair

 
a                                                     SB2411