STAND. COM. REP. NO.  1631-16

Honolulu, Hawaii

                , 2016

RE:   S.B. No. 2803

      S.D. 2

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 2803, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO THE AGRICULTURAL LOAN REVOLVING FUND,"

begs leave to report as follows:

The purpose of this measure is to increase farmers' access to affordable capital so that they can increase local food production, thereby making Hawaii more food self-sufficient, by appropriating funds to the Agricultural Loan Revolving Fund.

The Department of Agriculture, Ulupono Initiative, Land Use Research Foundation of Hawaii, and Hawaii Farm Bureau supported this measure.

     Your Committee has amended this measure by:

     (1)  Deleting its preamble; and

     (2)  Making technical, nonsubstantive amendments 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 S.B. No. 2803, S.D. 2, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2803, S.D. 2, H.D. 1.

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

____________________________

SYLVIA LUKE, Chair