Hawaii SB522 authorizes the issuance of $1,400,000 in general obligation bonds for the purchase of a Halaula agricultural parcel to revitalize the.
Hawaii SB522 aims to address the underdevelopment of the north Kohala district's agricultural sector by authorizing the issuance of general obligation bonds. The bonds will fund the purchase of a specific agricultural parcel, identified as tax map key (3) 5-3-7:15, to be managed by the agribusiness development corporation. This investment seeks to stimulate economic growth, create jobs, and enhance food self-sufficiency in the region. The appropriation for this capital improvement project will not lapse at the end of the fiscal biennium, with any unencumbered funds lapsing on June 30, 2028.
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