summary
Introduced
01/21/2026
01/21/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Authorizes the issuance of general obligation bonds to the Agribusiness 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. Effective 7/1/2050. (SD1)
AI Summary
This bill authorizes the Agribusiness Development Corporation (ADC), a state entity focused on agricultural business, to issue general obligation bonds, which are loans backed by the government, to purchase a specific agricultural parcel in North Kohala on Hawaii Island, identified by its tax map key, for the purpose of agricultural development. Additionally, it establishes one full-time equivalent (1.0 FTE) Hawaii Island Property Manager position within the ADC to oversee this and potentially other agricultural lands, and appropriates funds for both the land purchase and the new position, with the entire act set to take effect on July 1, 2050.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (5)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (on 02/17/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2407&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2407_SD1_.HTM |
| Committee Report SB2407_SD1_SSCR2276_ | https://www.capitol.hawaii.gov/sessions/session2026/CommReports/SB2407_SD1_SSCR2276_.pdf |
| SB2407_TESTIMONY_AEN-EDT_02-06-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/SB2407_TESTIMONY_AEN-EDT_02-06-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2407_.HTM |
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