Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 1258, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to retain the current selection process for the board of directors of the Agribusiness Development Corporation (ADC) by repealing provisions that establish the members of the Board of Agriculture (BOA) as the members of the board of directors of the ADC, effective July 1, 2005.

The ADC, Hawaii Agriculture Research Center, Hawaii Farm Bureau Federation, East Kauai Water Users' Cooperative, Maui County Farm Bureau, Pineapple Growers Association of Hawaii, Hawaiian Commercial & Sugar Company, and Saiva Siddhanta Church supported this bill.

Your Committee has amended this measure by making technical, nonsubstantive amendments for purposes of style and clarity.

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 S.B. No. 1258, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1258, S.D. 1, H.D. 1, and be placed on the calendar for Third Reading.