STAND

STAND. COM. REP. NO.501-02

Honolulu, Hawaii

, 2002

RE: H.B. No. 2385

 

 

 

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. 2385 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST WINES OF KAUAI, LLC,"

begs leave to report as follows:

The purpose of this bill is to assist Wines of Kauai, LLC, in the planning, design, construction, and equipping of a winery on the island of Kauai by authorizing the issuance of up to $3,000,000 in special purpose revenue bonds.

The Hawaii Farm Bureau Federation, Kauai County Farm Bureau, Wines of Kauai, LLC, and several individuals, some with wine industry experience, submitted testimony in support of this bill.

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. 2385 and recommends that it pass Third Reading.

 

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

 

____________________________ DWIGHT Y. TAKAMINE, Chair