STAND. COM. REP. NO.  485

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 692

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Agriculture, to which was referred H.B. No. 692, 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 support agricultural operations in Hawaii by extending the lapse date from June 30, 2007, to June 30, 2010, for special purpose revenue bonds authorized under Act 131, Session Laws of Hawaii 2004, to assist Aloun Farms in building an agricultural processing plant.

     Hawaii Agriculture Research Center, Aloun Farms, and Kamiya Gold, Inc., supported this bill.

     As affirmed by the record of votes of the members of your Committee on Agriculture that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 692, H.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.

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

____________________________

CLIFT TSUJI, Chair