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HI HB975
Bill
Status
Introduced
1/26/2011
Primary Sponsor
Angus McKelvey
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AI Summary
- Increases the maximum duration of agricultural leases from 35 years to 55 years for intensive agricultural and pasture uses.
- Extends tree-crop orchard lease terms from 45 years to 55 years maximum.
- Allows leases requiring extensive land improvements to exceed 55 years (previously 35 years) when necessary to amortize lessee investment.
- Increases the maximum term for agricultural processing and other specified operations from 35 years to 55 years, with maritime and maritime-related operations capped at 70 years.
- Addresses hardship for farmers and agricultural businesses relying on farm loan programs with terms longer than 35 years.
Legislative Description
Agricultural Leases; Duration Limits
Last Action
Carried over to 2012 Regular Session.
12/1/2011
Committee Referrals
Water, Land, & Ocean Resources1/26/2011
Full Bill Text
No bill text available