STAND. COM. REP. NO.470

Honolulu, Hawaii

, 2001

RE: H.B. No. 869

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Agriculture, to which was referred H.B. No. 869 entitled:

"A BILL FOR AN ACT RELATING TO AGRICULTURAL LOANS,"

begs leave to report as follows:

The purpose of this bill is to:

(1) Amend the definition of "qualified farmer" under the agricultural loans law; and

(2) Repeal the residence requirement for partnerships and corporations with regard to agricultural loan eligibility.

The Department of Agriculture submitted comments in support of this bill.

As affirmed by the record of votes of the members of your Committee on Agriculture that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 869 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, Chair