Appropriates funds to the Agribusiness Development Corporation to offset debt service reimbursement for the Waiahole water system.
The bill appropriates funds to the Agribusiness Development Corporation to offset the financial burden of debt service reimbursement for the Waiahole water system. This system, constructed between 1912 and 1916, provides irrigation water to local farmers on Oahu. The corporation acquired the system in 1998 and was required to reimburse the state for part of the acquisition costs. The bill aims to alleviate this financial burden, ensuring the corporation can maintain and improve the system's efficiency.
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