STAND. COM. REP. NO. 406-04
Honolulu, Hawaii
, 2004
RE: H.B. No. 2916
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Sir:
Your Committee on Agriculture, to which was referred H.B. No. 2916 entitled:
"A BILL FOR AN ACT RELATING TO LOAN PROGRAMS,"
begs leave to report as follows:
The purpose of this bill is to improve the state agriculture and aquaculture loan programs. Among other things, this bill:
(1) Integrates the state agriculture and aquaculture loan programs;
(2) Removes all restrictions on the amount that may be borrowed; and
(3) Requires the Board of Agriculture (BOA) to determine loan amount limits.
The Hawaii Aquaculture Association supported the intent of the measure. The BOA commented on this measure.
Your Committee has amended this bill by:
(1) Reinstating the aquacultural loan program;
(2) Retaining the current $800,000 limit on farm ownership and improvement loans;
(3) Raising the limit on aquaculture farm ownership and improvement loans and aquaculture operating loans from $400,000 to $800,000; and
(4) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Agriculture that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2916, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2916, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Agriculture,
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____________________________ FELIPE P. ABINSAY, JR., Chair |
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