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 S.B. No. 2414 entitled:

begs leave to report as follows:

The purpose of this measure is to finance an agricultural water use and development plan using general obligation bonds.

The Department of Agriculture, Hawaii Agriculture Research Center, Hawaii Farm Bureau, Maui County Farm Bureau, Maui Cattlemen's Association, and Pineapple Growers Association of Hawaii submitted testimony in support of the measure.

Your Committee finds that completion of the State Agricultural Water Use and Development Plan is crucial for determining the priorities for water use in the State. Your Committee agrees that the funds provided by this measure are necessary to obtain federal matching funds to complete the study.

Your Committee has amended this measure by adding a lapsing provision for general obligation bonds to comply with the technical requirements for issuing general obligation bonds under state law.

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. 2414, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2414, S.D. 1, and be referred to the Committee on Ways and Means.