STAND. COM. REP. NO.  1120

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 715

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 715, H.D. 1, entitled:

"A BILL FOR AN ACT MAKING AN APPROPRIATION FOR THE PURCHASE OF WATER FOR AGRICULTURAL USE ON LANAI,"

begs leave to report as follows:

     The purpose of this bill is to support the creation of an agricultural industry on the island of Lanai by appropriating funds to assist in payment for water provided by the island's private water supplier, Lanai Water Company, who has committed to match state subsidies for the purchase of water by farmers on Lanai.

     Castle and Cooke and a concerned individual supported this bill.  The Department of Agriculture supported the intent of this measure.

     Your Committee has amended this bill by:

(1)  Clarifying that no funds will be expended unless matched dollar-for-dollar by Lanai Water Company;

(2)  Changing the effective date to July 1, 2020, to facilitate further discussion; and

(3)  Making technical, nonsubstantive changes for clarity, consistency, 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 H.B. No. 715, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 715, H.D. 2.

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

____________________________

MARCUS R. OSHIRO, Chair