Bill > SR135

This resolution requests the Director of Finance to issue general obligation bonds (a type of government debt instrument) to finance the Agribusiness Development Corporation's (ADC) purchase of a specific land parcel in the North Kohala district of Hawaii Island. The resolution highlights the strategic importance of this land acquisition by emphasizing the agricultural significance of the North Kohala region, including its potential for sustainable farming, job creation, and increasing food self-sufficiency. The specific land parcel, identified by tax map keys (3) 5-3-4:19, (3) 5-4-11:18, and (3) 5-4-11:48, is seen as an opportunity to support local farmers, preserve agricultural heritage, and align with broader state goals of environmental stewardship. The resolution underscores the Agribusiness Development Corporation's unique capability to manage and develop agricultural lands responsibly, positioning this land purchase as a long-term investment in Hawaii's agricultural sector and rural communities. The document concludes by requesting that copies of the resolution be sent to the Director of Finance and the Executive Director of the Agribusiness Development Corporation.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SR&billnumber=135&year=2025