Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committees on Water, Land, and Agriculture and Higher Education, to which was referred S.B. No. 1456 entitled:

beg leave to report as follows:

The purpose of this measure is to establish an agribusiness incubator in the Waialua district.

Testimony in support of this measure was submitted by the Department of Agriculture, University of Hawaii College of Tropical Agriculture and Human Resources, and Castle & Cooke Hawaii.

Your Committees find that the development of an agribusiness incubator will further the State's responsibility to promote diversified agriculture and increase agricultural self-sufficiency. This measure will authorize the issuance of general obligation bonds to the University of Hawaii for the planning, design, and construction of an agribusiness incubator in the Waialua district.

Your Committees have amended this measure by deleting the dollar amount in the appropriation and have left it blank for the Committee on Ways and Means to determine at a later date.

As affirmed by the records of votes of the members of your Committees on Water, Land, and Agriculture and Higher Education that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 1456, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 1456, S.D. 1, and be referred to the Committee on Ways and Means.