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. 925, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to assist Kauai's economy, which is suffering from the closure of the sugar industry by authorizing loans in the aggregate up to $5,000,000 to provide financial assistance to agriculture and aquaculture enterprises on Kauai.

Testimony in support of this measure was submitted by Kauai County Farm Bureau, Kauai Chamber of Commerce, Kauai Economic Development Board, and Ceatech USA. The Department of Agriculture supported 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. 925, H.D. 1, and recommends that it pass Third Reading.