CONFERENCE COMMITTEE REP. NO. -0 39-06
Honolulu, Hawaii
, 2006
RE: S.B. No. 2485
S.D. 2
H.D. 2
C.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Third State Legislature
Regular Session of 2006
State of Hawaii
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2006
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2485, S.D. 2, H.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this measure is to encourage agricultural development by authorizing the issuance of special purpose revenue bonds to assist agricultural enterprises operating on agricultural lands.
Your Committee on Conference finds that Hawaii's agriculture industry has the ability to be globally competitive in developing high-value products that take advantage of Hawaii's brand identity. Your Committee on Conference further finds that encouraging agricultural development will not only pay financial dividends to the State, but environmental and social dividends as well.
In 2005, the Legislature passed Act 183, Session Laws of Hawaii, which provides a process for identifying and designating important agricultural lands in Hawaii. As a part of Act 183, the Legislature developed a process for the long-term retention of important agricultural lands for agricultural uses by creating incentives. Your Committee on Conference finds that encouraging agricultural development will provide positive environmental, social, and economic benefits to the State, and this measure will provide one such incentive for preserving important agricultural lands.
Your Committee on Conference has amended this measure by:
(1) Replacing all references to "agricultural enterprises operating on agricultural lands" with "agricultural enterprises serving important agricultural lands";
(2) Inserting a definition for "important agricultural lands"; and
(3) Making technical, nonsubstantive changes for consistency.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 2485, S.D. 2, H.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2485, S.D. 2, H.D. 2, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE HOUSE |
ON THE PART OF THE SENATE |
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____________________________ FELIPE P. ABINSAY, JR., Co-Chair |
____________________________ RUSSELL S. KOKUBUN, Chair |
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____________________________ BLAKE K. OSHIRO, Co-Chair |
____________________________ BRIAN T. TANIGUCHI, Co-Chair |
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____________________________ CLIFT TSUJI, Co-Chair |
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