STAND.
COM. REP. NO. 166
Honolulu, Hawaii
, 2023
RE: H.B. No. 943
H.D. 1
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-Second State Legislature
Regular Session of 2023
State of Hawaii
Sir:
Your Committee on Economic Development, to which was referred H.B. No. 943 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO HONOKAA LAND COMPANY, LLC,"
begs leave to report as follows:
The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist Honoka‘a Land Company, LLC, with acquiring, developing, and renovating agricultural facilities.
Your Committee finds that the issuance of special purpose revenue bonds under this measure is in the public interest and will benefit the public health, safety, and general welfare. Proceeds from the sale of the bonds will assist Honoka‘a Land Company, LLC to acquire, develop, and renovate agricultural facilities, including for the rebuilding of structures for a soil and earth products business, purchasing of a firm to serve as a research and development facility, acquiring or building organic dairies, green and renewable energy initiatives, and development of workforce housing.
Your Committee has amended this measure by:
(1) Changing its effective date to June 30, 3000, to encourage further discussion; and
(2) Making a technical, nonsubstantive amendment for the purposes of clarity, consistency, and style.
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. 943, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 943, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Economic Development,
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____________________________ DANIEL HOLT, Chair |
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