STAND. COM. REP. NO. 950

Honolulu, Hawaii

RE:    H.B. No. 1230

       H.D. 1

       S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Agriculture and Environment, to which was referred H.B. No. 1230, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST MAUIGROWN COFFEE, INC,"

begs leave to report as follows:

     The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds to assist MauiGrown Coffee, Inc., with the expansion of its operations.

     Your Committee received testimony in support of this measure from the Department of Agriculture; Office of Economic Development, County of Maui; ILWU Local 142; Maui Coffee Association; Hawaii Coffee Association; Hawai‘i Farm Bureau; Maui County Farm Bureau; MauiGrown Coffee, Inc.; Alexander & Baldwin, Inc.; Hawaii Coffee Company; Go Maui, Inc.; and eight individuals.  Your Committee received comments on this measure from the Department of Budget and Finance.

     Your Committee finds that the proceeds of the sale of special purpose revenue bonds will be used by MauiGrown Coffee, Inc., to expand operation of its coffee farm and mill in Pu‘ukoli‘i, Maui.  Your Committee further finds that the issuance of these special purpose revenue bonds is in the public interest and will benefit the public health, safety, and general welfare.

     Your Committee has amended this measure by:

     (1)  Making it effective on July 1, 2017; and

     (2)  Making technical, nonsubstantive amendments for the purposes of clarity and consistency.

     As affirmed by the record of votes of the members of your Committee on Agriculture and Environment that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1230, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1230, H.D. 1, S.D. 1, and be referred to your Committee on Ways and Means.

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

________________________________

MIKE GABBARD, Chair