STAND. COM. REP. NO. 1506
Honolulu, Hawaii
, 2005
RE: S.B. No. 1268
S.D. 2
H.D. 2
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 S.B. No. 1268, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO AGRICULTURE,"
begs leave to report as follows:
The purpose of this bill is to improve the administration of the Agribusiness Development Corporation (ADC) and protect agricultural lands and activities by:
(1) Authorizing ADC to purchase, accept, maintain, and enforce permanent conservation easements in accordance with the federal Farm and Ranch Lands Protection Program of the Natural Resources Conservation Service;
(2) Allowing ADC, when leasing ADC-controlled agricultural land, to contract with certain financial institutions to provide lease management services;
(3) Requiring ADC to obtain agricultural lands in Waialua from the Galbraith Estate, and authorizing ADC to issue revenue bonds to purchase those lands; and
(4) Requiring agricultural leases of at least 55 years for lands in central Oahu acquired under this measure.
The Hawaii Farm Bureau, Hawaii Agriculture Research Center, ILWU Local 142, and a concerned individual testified in support of this bill. The Agribusiness Development Corporation supported the intent of this measure.
Your Committee has amended this bill by:
(1) Changing its effective date to July 1, 2010, to encourage further discussion; and
(2) Making technical, nonsubstantive amendments for clarity and style.
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 S.B. No. 1268, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1268, S.D. 2, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT TAKAMINE, Chair |
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