Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Agriculture, to which was referred H.B. No. 2725 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of up to $10,000,000 in special purpose revenue bonds to assist Hawaii Macadamia Tree, Inc., to finance the establishment of facilities in the county of Hawaii to:

(1) Process macadamia nuts; and

(2) Manufacture and produce macadamia products.

Testimony in support of this bill was submitted by a representative from Hawaii Macadamia Tree, Inc. MacFarms of Hawaii offered comments. The Hawaii Farm Bureau Federation and the Hawaii Macadamia Nut Association opposed this measure.

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. 2725 and recommends that it pass Second Reading and be referred to the Committee on Finance.