STAND. COM. REP. NO. 1711

Honolulu, Hawaii

, 2005

RE: H.C.R. No. 262

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.C.R. No. 262, H.D. 1, entitled:

"HOUSE CONCURRENT RESOLUTION REQUESTING THE DEPARTMENT OF LAND AND NATURAL RESOURCES TO ESTABLISH A TRAINING PROGRAM IN CONJUNCTION WITH THE LOCAL REAL ESTATE APPRAISER'S NATIONAL ORGANIZATION AS PART OF THEIR PROFESSIONAL EDUCATIONAL SEMINARS TO TRAIN REAL ESTATE APPRAISERS TO USE THE INCOME CAPITALIZATION APPROACH TO SET LEASE RENT RATES FOR STATE AGRICULTURAL LEASE REOPENING,"

begs leave to report as follows:

The purpose of this concurrent resolution is to request the Department of Land and Natural Resources, along with the local real estate appraiser's national organization, to establish a training program to instruct real estate appraisers to use the income capitalization approach to set lease rent rates for State agricultural lease reopening.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 262, H.D. 1, and recommends its adoption.

Respectfully submitted on behalf of the members of the Committee on Finance,

 

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DWIGHT TAKAMINE, Chair