STAND. COM. REP. NO. 1828

Honolulu, Hawaii

, 2021

RE: S.B. No. 336

S.D. 1

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 Finance, to which was referred S.B. No. 336, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO AGRICULTURAL LOANS,"

begs leave to report as follows:

The purpose of this measure is to increase the maximum amount of each agricultural and aquacultural loan that the Chairperson of the Board of Agriculture may be authorized to approve unilaterally from $25,000 to $50,000.

Your Committee received testimony in support of this measure from the Department of Agriculture, Ulupono Initiative, Hawai‘i Farm Bureau, and one individual.

Your Committee has amended this measure by blanking out the maximum loan amounts that the Chairperson of the Board of Agriculture may authorize.

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. 336, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 336, S.D. 1, H.D. 1.

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

____________________________

SYLVIA LUKE, Chair