Bill > SB1003

This bill authorizes the issuance of general obligation bonds to the Agribusiness Development Corporation (ADC) to purchase a specific land parcel (tax map key: (3) 9-6-5:63) in Kau, Hawaii, for agricultural development. The legislation is rooted in recognizing Kau's agricultural heritage and its potential to enhance Hawaii's food security, particularly after the decline of large sugar plantations in the 1990s. The bill highlights Kau's diverse agricultural enterprises, including fruit and vegetable farming, coffee cultivation, macadamia nut production, and livestock grazing. The ADC's mission is to support local farmers by acquiring and managing high-value lands, water systems, and infrastructure, while also directing research into new crop development and market opportunities. The bill emphasizes the importance of community engagement and legislative oversight to ensure that the land acquisition aligns with local farmers' needs and preserves the region's agricultural character. The director of finance is authorized to issue bonds for the land purchase from the Ellis Jacob Hester Trust, with the appropriation remaining valid until June 30, 2028, and the bill set to take effect on July 1, 2050.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1003&year=2026