STAND. COM. REP. NO.456
Honolulu, Hawaii
, 2003
RE: S.B. No. 1211
S.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Economic Development, to which was referred S.B. No. 1211 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST PROCESSING ENTERPRISES,"
begs leave to report as follows:
The purpose of this measure is to issue special purpose revenue bonds for the establishment of a cacao bean processing venture in Keaau to contribute to eco-tourism and agricultural education.
Testimony supporting this measure was submitted by Keeau Plantation Estates, LLC, and comments on this measure were submitted by the Board of Agriculture.
Your Committee finds that the proposed processing facility will sit on 40 acres previously planted with cacao trees. The special purpose revenue bonds will allow Keaau Plantation Estates, LLC to provide for the processing of a proven crop of cacao beans, an attractive and interesting visitor center for residents and tourists, and employment opportunities.
Your Committee has amended this measure to correct the spelling of "Keaau" on page 1, line 8.
As affirmed by the record of votes of the members of your Committee on Economic Development that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1211, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1211, S.D. 1, and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Economic Development,
____________________________ CAROL FUKUNAGA, Chair |
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