Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committees on Agriculture and Water, Land Use, and Hawaiian Affairs, to which was referred S.B. No. 538, S.D. 1, entitled:

beg 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 and Hawaii Farm Bureau Federation supported this bill.

Your Committees note that, currently, lands to which the ADC in its corporate capacity holds title are exempt from the definition of "public lands" under chapter 171, HRS, and are exempt from its provisions. This bill would afford ADC the same exemptions for lands transferred to ADC and allow ADC the flexibility and authority necessary to make optimal use of its assets.

As affirmed by the records of votes of the members of your Committees on Agriculture and Water, Land Use, and Hawaiian Affairs that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 538, S.D. 1, and recommend that it pass Second Reading and be referred to the Committee on Finance.