STAND. COM. REP. NO. 1934-18

Honolulu, Hawaii

, 2018

RE: S.B. No. 1208

S.D. 2

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 S.B. No. 1208, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO AGRICULTURE,"

begs leave to report as follows:

The purpose of this measure is to assist an agricultural enterprise by authorizing the issuance of special purpose revenue bonds not to exceed an unspecified amount to assist Twin Bridge Farms, Inc., in the purchase of agricultural lands to be used for agricultural production.

The Department of Agriculture, Agribusiness Development Corporation, Hawai‘i Farm Bureau, and Ulupono Initiative supported this measure. The Department of Budget and Finance provided comments on 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 S.B. No. 1208, S.D. 2, 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