Read the full stored bill text
SB2159
THE SENATE
S.B. NO.
2159
THIRTY-THIRD LEGISLATURE, 2026
STATE OF HAWAII
A BILL FOR AN ACT
relating
to the halaula agricultural parcel
.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
����
SECTION 1.
�
The
legislature finds that strategic investment in the State's agricultural sector,
particularly in the north Kohala district of Hawaii island, is necessary to
revitalize the State's agricultural industry.
�
Despite north Kohala's fertile land and abundant natural resources, the
region has been historically underserved, lacking the support required to
realize its agricultural potential.
�
Consequently, the State struggles with agricultural production and food
security and relies on imported goods.
�
Investment in this region would alleviate these challenges by
revitalizing the agricultural industry, creating employment opportunities, and
improving food self-sufficiency across the State.
����
The legislature further finds that the
agribusiness
development corporation is uniquely
positioned to oversee the purchase, management, and responsible development of
agricultural lands in this region.
�
The
Halaula agricultural parcel located in north Kohala offers significant
potential for agricultural development, including sustainable agricultural
practices, farming, livestock, and agroforestry.
�
Authorizing the agribusiness development
corporation to purchase this property will stimulate economic growth, support
community initiatives, and revitalize the rural economy in north Kohala.
����
Accordingly, the purpose of this Act is to
authorize the issuance of general obligation bonds to the agribusiness
development corporation to complete the purchase of the fee simple interest in
the Halaula agricultural parcel identified as tax map key: (3) 5-3-7:15.
����
SECTION 2.
�
The director of finance is authorized to issue general obligation bonds
in the sum of $1,400,000 or so much thereof as may be necessary and the same
sum or so much thereof as may be necessary is appropriated for fiscal year
2026-2027 for the purpose of financing the purchase of a parcel of land for
agricultural development identified as tax map key: (3) 5‑3‑7:15.
����
SECTION 3.
�
The sum appropriated in section 2 of this Act shall be expended by the
agribusiness development corporation for the purposes of this Act.
����
SECTION 4.
�
The appropriation made for the capital improvement project authorized by
this Act shall not lapse at the end of the fiscal biennium for which the
appropriation is made; provided that all moneys from the appropriation
unencumbered as of June 30, 2028, shall lapse as of that date.
����
SECTION 5.
�
This Act shall take effect on July 1, 2026.
INTRODUCED BY:
_____________________________
Report Title:
ADC;
North Kohala; GO Bonds; Agriculture; Agricultural Development; Appropriation
Description:
Authorizes
the issuance of general obligation bonds to the A
gribusiness
Development Corporation for the
purchase of the Halaula Agricultural Parcel for agricultural development.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.