STAND. COM. REP. NO. 1346

Honolulu, Hawaii

RE:    H.B. No. 1230

       H.D. 1

       S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred H.B. No. 1230, H.D. 1, S.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 support the State's coffee industry, and diversified agriculture in general, by authorizing the issuance of special purpose revenue bonds to assist MauiGrown Coffee, Inc., with the expansion of its operations.

     Your Committee received written comments in support of this measure from the Department of Agriculture; Hawaii Farm Bureau; Hawaii Coffee Association; Alexander and Baldwin, Inc.; Go Maui, Inc.; Mill House Roasting Co.; MauiGrown Coffee, Inc.; Hawaii Coffee Company; Maui Coffee Roasters; ILWU Local 142; and seven concerned individuals.

     Your Committee received written comments in opposition to this measure from one concerned individual.

     Your Committee received written 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 to assist MauiGrown Coffee, Inc., in expanding the operation of its coffee farm and mill in Puukolii, 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 changing the date regarding the Department of Budget and Finance's authority to issue refunding special purpose revenue bonds to include times after June 30, 2022.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1230, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1230, H.D. 1, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

________________________________

JILL N. TOKUDA, Chair