Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2177 entitled:

begs leave to report as follows:

The purpose of this bill is to support and expand agricultural business in Hawaii by proposing a constitutional amendment to authorize the State to issue special purpose revenue bonds to assist agricultural businesses operating on important agricultural land.

The Department of Agriculture, University of Hawaii's College of Tropical Agriculture and Human Resources, Hawaii Farm Bureau Federation, Land Use Research Foundation of Hawaii, Pineapple Growers Association of Hawaii, Hawaii Crop Improvement Association, and Meadow Gold Dairies supported this bill. The Hawaii Agriculture Research Center supported the intent of this measure. The Department of Budget and Finance submitted comments.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2177 and recommends that it pass Third Reading.