Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Water, Land, and Agriculture, to which was referred H.B. No. 2341, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to provide for staggered terms for the Board of Directors of the Agribusiness Development Corporation.

Testimony in support of the measure was submitted by the Executive Director of the Agribusiness Development Corporation.

The terms of all of the current directors of the Agribusiness Development Corporation will expire on June 30, 2005. Your Committee finds that staggered terms will promote continuity of the corporation by preserving institutional memory and enhancing consistency in policy and decision making. Your Committee further finds that this measure will provide the Governor with the authority to make the necessary adjustments in the appointment process to address that concern.

As affirmed by the record of votes of the members of your Committee on Water, Land, and Agriculture that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2341, H.D. 1, and recommends that it pass Second Reading and be placed on the calendar for Third Reading.