Authorizes the issuance of bonds to purchase the Halaula agricultural parcel for economic revitalization.

This bill authorizes the issuance of general obligation bonds to the Agribusiness Development Corporation for purchasing the Halaula agricultural parcel in north Kohala. The purchase aims to stimulate economic growth, create jobs, and improve food self-sufficiency. The appropriation for this capital improvement project will not lapse at the end of the fiscal biennium, but unencumbered funds will lapse by June 30, 2028. The act takes effect on July 1, 2026.

Authorizes the issuance of bonds to purchase the Halaula agricultural parcel for economic revitalization.

This bill authorizes the issuance of general obligation bonds to the Agribusiness Development Corporation for purchasing the Halaula agricultural parcel in north Kohala. The purchase aims to stimulate economic growth, create jobs, and improve food self-sufficiency. The appropriation for this capital improvement project will not lapse at the end of the fiscal biennium, but unencumbered funds will lapse by June 30, 2028. The act takes effect on July 1, 2026.