Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1089, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to:

1. Extend the lapsing date of moneys appropriated to the Agribusiness Development Corporation (ADC) by Act 117, Session Laws of Hawaii (SLH) 1999, as amended by Act 206, SLH 2000, to June 30, 2003; and
2. Appropriate $150,000 from the Hawaii Agricultural Development Revolving Fund to enable ADC to develop an agricultural subdivision in the Hamakua district on the island of Hawaii.

ADC, Hamakua County Farm Bureau, Hawaii Agriculture Research Center, and concerned citizens testified in support of this measure.

Your Committee has amended this bill by:

1. Ensuring that any unexpended or unencumbered funds from the appropriation during fiscal years 2001-2002 and 2002-2003 shall not lapse until June 30, 2003;
2. Removing the section appropriating funds from the Hawaii Agricultural Development Revolving Fund; and
3. 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 H.B. No. 1089, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1089, H.D. 2.