STAND. COM. REP. NO. 1123

Honolulu, Hawaii

, 2021

RE: S.B. No. 579

S.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 S.B. No. 579, S.D. 1, 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 in Hawaii for the manufacturing and processing of certain products.

Your Committee received comments on this measure from the Department of Budget and Finance.

Your Committee finds that it is critical for the State to diversify certain sectors of the economy, including manufacturing, to 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.

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 S.B. No. 579, S.D. 1, and recommends that it pass Second Reading and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development,

____________________________

SEAN QUINLAN, Chair