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. 538, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to provide the Agribusiness Development Corporation (ADC) with greater flexibility in managing lands transferred to it by exempting lands:

from the provisions of chapter 171, Hawaii Revised Statutes (HRS), relating to public lands.

ADC, the Hawaii Farm Bureau, and Kauai County Farm Bureau testified in support of this measure.

Your Committee has amended this bill by making a technical, nonsubstantive amendment.

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. 538, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 538, S.D. 1, H.D. 1.