REQUESTING THE DIRECTOR OF FINANCE TO ISSUE GENERAL OBLIGATION BONDS FOR THE PURPOSE OF FINANCING THE AGRIBUSINESS DEVELOPMENT CORPORATION'S PURCHASE OF THE FEE SIMPLE INTEREST IN THE NORTH KOHALA KYNNERSLY EAST SITE LAND PARCEL FOR AGRICULTURAL DEVELOPMENT.

SCR 166 is a Senate Concurrent Resolution requesting the Director of Finance to issue general obligation bonds to fund the Agribusiness Development Corporation's purchase of specific agricultural land parcels in North Kohala (tax map keys: 3-5-3-4:19, 3-5-4-11:18, 3-5-4-11:48). The bill directly affects the Agribusiness Development Corporation, which would use the land for agricultural development, and local farmers in North Kohala. It authorizes the use of state bonds to finance the purchase of fee simple interest in this land parcel, aiming to support sustainable farming, job creation, and food self-sufficiency. The resolution does not create new laws but requests a specific financial action to advance agricultural development in a historically underserved rural area.