THE SENATE |
S.B. NO. |
1247 |
THIRTY-THIRD LEGISLATURE, 2025 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to agricultural land.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The legislature further finds that the agricultural development corporation is uniquely positioned to oversee the purchase, management, and responsible development of agricultural lands in this region. The Halaula agricultural parcel located in north Kohala offers significant potential for agricultural development, including sustainable agricultural practices, farming, livestock, and agroforestry. Authorizing the agricultural development corporation to purchase this property will stimulate economic growth, support community initiatives, and revitalize the rural economy in north Kohala.
Accordingly, the purpose of this Act is to:
(1) Authorize the issuance of general obligation bonds to the agricultural development corporation to complete the purchase of the fee simple interest in the north Kohala agricultural parcel identified as tax map key: (3) 5-3-7:16; and
(2) Establish a Hawaii island property manager position within the agribusiness development corporation.
SECTION 2. The director of finance is authorized to issue general obligation bonds in the sum of $1,000,000 or so much thereof as may be necessary and the same sum or so much thereof as may be necessary is appropriated for fiscal year 2025-2026 for the purpose of financing the purchase of a parcel of land for agricultural development identified as tax map key: (3) 5-3-7:16.
SECTION 3. The sums appropriated in section 2 of this Act shall be expended by the agricultural development corporation for the purposes of this Act.
SECTION 4. The appropriation made for the capital improvement project authorized by this Act shall not lapse at the end of the fiscal biennium for which the appropriation is made; provided that all moneys from the appropriation unencumbered as of June 30, 2028, shall lapse as of that date.
SECTION 5. There is appropriated out of the general revenues of the State of Hawaii the sum of $200,000 or so much thereof as may be necessary for fiscal year 2025-2026 and the same sum or so much thereof as may be necessary for fiscal year 2026-2027 for the establishment of one full time-equivalent (1.0 FTE) Hawaii island property manager position within the agribusiness development corporation.
The sums appropriated shall be expended by the agribusiness development corporation for the purposes of this Act.
SECTION 6. This Act shall take effect on July 1, 2025.
INTRODUCED BY: |
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Report Title:
ADC; North Kohala; GO Bonds; Agriculture; Agricultural Development; Appropriations
Description:
Authorizes the issuance of general obligation bonds to the Agricultural Development Corporation for the purchase of an agricultural parcel for agricultural development. Establishes one full-time equivalent (1.0 FTE) Hawaii Island Property Manager position within the ADC. Appropriates funds.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.