Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1258 entitled:

begs leave to report as follows:

The purpose of this measure is to repeal the law that will replace the board of directors of the Agribusiness Development Corporation with the members of the Board of Agriculture on July 1, 2005.

Your Committee received testimony in support of this measure from the Agribusiness Development Corporation, Hawaii Agriculture Research Center, Pineapple Growers Association of Hawaii, Hawaiian Commercial & Sugar Company, Hawaii Farm Bureau Federation, Kauai County Farm Bureau, East Kauai Water Users' Cooperative, and Salva Siddhanta Church.

Your Committee finds that the organizational and governance problems that were the impetus for replacing the board of directors of the Agribusiness Development Corporation with the members of the Board of Agriculture have been satisfactorily resolved.

Your Committee has amended this measure by reinserting statutory material that was omitted from section 19 of Act 176, Session Laws of Hawaii 1998, as amended by Act 117, Session Laws of Hawaii 1999, and Act 213, Session Laws of Hawaii 2001.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1258, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1258, S.D. 1.