STAND. COM. REP. NO.  844-18

Honolulu, Hawaii

                , 2018

RE:   H.B. No. 2426

      H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 2426, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE AGRIBUSINESS DEVELOPMENT CORPORATION,"

begs leave to report as follows:

The purpose of this measure is to preserve agricultural lands for agricultural production by authorizing the issuance of general obligation bonds to fund the acquisition by the Agribusiness Development Corporation of identified high value farm land in west Kauai.

The Department of Agriculture, Agribusiness Development Corporation, Hawai‘i Farm Bureau, Hawaii Cattlemen's Council, Inc.,  Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii, and Hartung Brothers Hawaii supported this measure.

     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. 2426, 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