Extends the lapsing date of funds remaining from Act 117, SLH 1999, as amended, to June 30, 2003. (HB1089 HD2)

A BILL FOR AN ACT

SECTION 1. Act 117, Session Laws of Hawaii (SLH) 1999, appropriated $400,000 for fiscal year 1999-2000 for expenses incurred in the performance of the duties of the agribusiness development corporation board. Act 206, SLH 2000, amended Act 117 to extend the lapsing date of the appropriation to June 30, 2001, and to allow the agribusiness development corporation board to use $250,000 of the moneys for the development of an agricultural subdivision in the Hamakua district on the island of Hawaii. The legislature finds that the funds designated for the planning, design, and construction of an agricultural subdivision in Hamakua have not been fully used.

The purpose of this Act is to extend the lapsing date of unexpended or unencumbered funds remaining from Act 117, as amended, at the close of fiscal years 2000-2001, 2001-2002, and 2003-2003. This will allow the agribusiness development corporation to expend any unencumbered funds until June 30, 2003, without having to request a new appropriation or extension.

SECTION 2. Act 117, Session Laws of Hawaii 1999, as amended by Act 206, Session Laws of Hawaii 2000, is amended by amending section 4 to read as follows:

"SECTION 4. There is appropriated out of the general revenues of the State of Hawaii the sum of $400,000 or so much thereof as may be necessary for fiscal year 1999-2000 for the expenses incurred in the performance of the duties of the agribusiness development corporation board; provided that:

The sum appropriated shall be expended by the department of agriculture for the purposes of this Act."

SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 4. This Act shall take effect on June 29, 2001.