Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Economic Development and Business Concerns, to which was referred H.B. No. 2385 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of up to $3,000,000 in special purpose revenue bonds to assist Wines of Kauai, LLC, in the planning, design, construction, and equipping of a winery on the island of Kauai.

Wines of Kauai, LLC, testified in support of this measure.

Your Committee finds that the island of Kauai is in need of additional markets to enhance job growth. The construction of a winery would not only provide a job source for the construction industry, but the winery itself will enhance the growth of, and expand economic development opportunities for, all of Kauai.

Your Committee further notes that the bill description for this measure is incorrect as the winery is to be built on Kauai, not Hawaii. Your Committee supports future legislative efforts to address this issue.

As affirmed by the record of votes of the members of your Committee on Economic Development and Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2385 and recommends that it pass Second Reading and be referred to the Committee on Finance.