Authorizes the issuance of bonds to finance the purchase of an agricultural parcel in north Kohala, Hawaii.

This bill authorizes the issuance of general obligation bonds to finance the purchase of a specific agricultural parcel in north Kohala, Hawaii. The parcel, identified as tax map key (3) 5-3-7:15, is intended to be acquired by the agribusiness development corporation. The bonds, totaling $1,400,000, are for fiscal year 2025-2026. The appropriation will not lapse at the end of the fiscal biennium, but any unencumbered funds will lapse by June 30, 2028. The purchase aims to revitalize the agricultural industry, create jobs, and improve food self-sufficiency in the region.

Authorizes the issuance of bonds to finance the purchase of an agricultural parcel in north Kohala, Hawaii.

This bill authorizes the issuance of general obligation bonds to finance the purchase of a specific agricultural parcel in north Kohala, Hawaii. The parcel, identified as tax map key (3) 5-3-7:15, is intended to be acquired by the agribusiness development corporation. The bonds, totaling $1,400,000, are for fiscal year 2025-2026. The appropriation will not lapse at the end of the fiscal biennium, but any unencumbered funds will lapse by June 30, 2028. The purchase aims to revitalize the agricultural industry, create jobs, and improve food self-sufficiency in the region.