Appropriates funds to the Agribusiness Development Corporation to offset debt service reimbursement for the Waiahole water system.
The bill appropriates funds from the State of Hawaii's general revenues to the Agribusiness Development Corporation. These funds are intended to offset the financial burden of reimbursing debt service related to the Waiahole water system. The Waiahole water system, constructed between 1912 and 1916, provides irrigation water to local farmers on the western side of Oahu. The corporation was authorized to acquire and improve this system in 1998, with a requirement to reimburse the State for part of the acquisition costs.
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