Bill > HB685

This bill authorizes the issuance of general obligation bonds to enable the Agribusiness Development Corporation (ADC) to purchase a specific parcel of land (tax map key: (3) 9-6-5:63) owned by the Ellis Jacob Hester Trust in the Ka?u region of Hawaii island for agricultural development. The legislation is motivated by Ka?u's rich agricultural history, which has successfully transitioned from large-scale sugar plantations to diverse agricultural enterprises including fruit, vegetables, coffee, macadamia nuts, and livestock. The bill aims to support local farmers by providing critical resources through the ADC, which has a mission to acquire and manage agricultural lands, support farming infrastructure, and promote sustainable agricultural practices. The legislation emphasizes community engagement and seeks to preserve local agricultural lands while preventing foreign land acquisition. The bonds will be issued for fiscal year 2025-2026, with funds allocated specifically for land purchase, and the appropriation will remain available until June 30, 2028, after which any unencumbered funds will lapse. The bill reflects the legislature's commitment to enhancing the state's agricultural resilience, food security, and support for local farming communities.

Agriculture and Natural Resources, Budget and Finance, Labor and Employment

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=685&year=2026