STAND

 

STAND. COM. REP. NO.489-02

Honolulu, Hawaii

, 2002

RE: H.B. No. 1976

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1976 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST INDUSTRIAL ENTERPRISES,"

begs leave to report as follows:

The purpose of this bill is to maintain the economic stability on Kauai by assisting Gay & Robinson, Inc., in purchasing a sugar and molasses terminal facility at Nawiliwili. This bill authorizes the issuance of $2,300,000 in special purpose revenue bonds for this purpose.

Gay & Robinson, Inc., Hawaii Farm Bureau Federation, Kauai County Farm Bureau, and Hawaii Agriculture Research Center testified in support of 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. 1976 and recommends that it pass Third Reading.

 

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

 

		____________________________ DWIGHT Y. TAKAMINE, Chair