Authorizes the issuance of bonds to finance the purchase of agricultural land in Ka, Hawaii.
This bill authorizes the issuance of general obligation bonds to finance the purchase of a parcel of land in Ka, Hawaii, for agricultural development. The land, identified as tax map key (3) 9-6-5:63, will be used to support local farmers and enhance agricultural resilience. The appropriation for this purchase will not lapse at the end of the fiscal biennium, but unencumbered funds will lapse by June 30, 2028. The bill aims to strengthen local farming operations, promote sustainable agriculture, and prevent acquisition by foreign buyers.
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