STAND.
COM. REP. NO. 146
Honolulu, Hawaii
, 2021
RE: H.B. No. 689
H.D. 1
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-First State Legislature
Regular Session of 2021
State of Hawaii
Sir:
Your Committee on Economic Development, to which was referred H.B. No. 689 entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS TO ASSIST HOUSE OF ALOHA ENTERPRISES LLC,"
begs leave to report as follows:
The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist the House of Aloha Enterprises LLC, with planning, designing, constructing, and equipping facilities for the manufacturing and processing of certain products.
Your Committee finds that given the current
economic climate, it is critical for the State to diversify certain sectors of
the economy, including manufacturing, which will generate local jobs and tax
revenues. This measure supports the
development and construction of local facilities that will enable farmers,
value-added agriculture producers, and entrepreneurs with access to automated
packaging and bottling, shipping, and other services to generate jobs and
revenue, resulting in a more self-sustainable economy.
Your Committee has amended this measure by changing
the effective date to July 1, 2050, to encourage further discussion.
As affirmed by the record of votes of the members of your Committee on Economic Development that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 689, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 689, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Development,
|
|
____________________________ SEAN QUINLAN, Chair |
|
|
|