Authorizes issuance of bonds to finance purchase of agricultural land in Ka, Hawai i.

The bill authorizes the issuance of general obligation bonds to finance the purchase of a parcel of land in Ka, Hawai i, for agricultural development. The bonds, totaling $2,931,960, will be used by the Agribusiness Development Corporation (ADC) to acquire land identified as tax map key: (3) 9-6-5:63. This initiative aims to support local farmers, promote sustainable agriculture, and enhance the region's agricultural resilience and food security. The appropriation for this project will not lapse at the end of the fiscal biennium, but unencumbered funds will lapse by June 30, 2028.

Authorizes issuance of bonds to finance purchase of agricultural land in Ka, Hawai i.

The bill authorizes the issuance of general obligation bonds to finance the purchase of a parcel of land in Ka, Hawai i, for agricultural development. The bonds, totaling $2,931,960, will be used by the Agribusiness Development Corporation (ADC) to acquire land identified as tax map key: (3) 9-6-5:63. This initiative aims to support local farmers, promote sustainable agriculture, and enhance the region's agricultural resilience and food security. The appropriation for this project will not lapse at the end of the fiscal biennium, but unencumbered funds will lapse by June 30, 2028.