SB2407 authorizes the purchase of agricultural land in north Kohala, Hawaii, to support sustainable practices and revitalize the local economy.
SB2407 authorizes the issuance of general obligation bonds to finance the purchase of a north Kohala agricultural parcel for sustainable practices. The agribusiness development corporation will oversee the purchase and management of the land, aiming to stimulate economic growth and improve food self-sufficiency. The bill also appropriates funds for a Hawaii island property manager position within the corporation. The act will take effect on July 1, 2026.
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