STAND. COM. REP. NO.154
Honolulu, Hawaii
, 2003
RE: S.B. No. 1257
Honorable Robert Bunda
President of the Senate
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Water, Land, and Agriculture, to which was referred S.B. No. 1257 entitled:
"A BILL FOR AN ACT RELATING TO THE IRRIGATION WATER DEVELOPMENT SPECIAL FUND,"
begs leave to report as follows:
The purpose of this measure is to repeal the Irrigation Water Development Special Fund.
The Board of Agriculture submitted comments on this measure.
Your Committee finds that the Irrigation Water Development Special Fund provided a vehicle for the Department of Agriculture to issue revenue bonds to acquire and improve former irrigation systems. However, this fund was never utilized because the Agribusiness Development Corporation was charged with the responsibility of administering the transition of agricultural infrastructure from plantation operations into other agricultural enterprises. Additionally, the Auditor has recommended that the Department of Agriculture terminate this inactive special fund.
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 S.B. No. 1257 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Water, Land, and Agriculture,
____________________________ LORRAINE R. INOUYE, Chair |
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