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.

Senate Resolution 135 requests the Director of Finance to issue general obligation bonds to fund the Agribusiness Development Corporation's purchase of a specific North Kohala land parcel (tax map keys: 3-5-3-4:19, 3-5-4-11:18, 3-5-4-11:48) for agricultural development. This purchase aims to support local farming, create jobs, and enhance food production in a rural area, aligning with Hawaii's goals of reducing reliance on imported goods and promoting sustainable agriculture. The resolution emphasizes the land's potential to revitalize a historically underserved region while preserving cultural heritage and environmental stewardship.