Bill > SB2170

This bill authorizes the issuance of general obligation bonds, which are loans backed by the government's full faith and credit, to fund the purchase of specific land parcels in North Kohala, Hawaii, identified by tax map keys (3) 5-3-4:19, (3) 5-4-11:18, and (3) 5-4-11:48. The Agribusiness Development Corporation, an entity focused on supporting and developing the agricultural sector, will oversee the purchase and subsequent agricultural development of this land. The bill emphasizes the importance of a strong agricultural sector for Hawaii's economic stability, food security, and environmental health, particularly in the North Kohala region, which has historically been significant for farming but has seen some land become underutilized. The funds appropriated for this purchase are intended for fiscal year 2026-2027 and will be managed by the Agribusiness Development Corporation for the purpose of agricultural development, with the act taking effect on July 1, 2050.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2170&year=2026