STAND. COM. REP. NO.  914

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 1333

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1333, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO HONOKAA LAND COMPANY, LLC,"

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds for the purpose of assisting Honoka‘a Land Company, LLC, with acquiring, developing, and renovating agricultural facilities and structures.  

The Department of Agriculture and Honoka‘a Land Company, LLC, supported this measure.  Hawaii Farmers and Ranchers United and a concerned individual opposed this measure.  The Department of Budget and Finance offered comments.

     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. 1333, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair