HI SB709

Amends Hawaii Revised Statutes Section 163D-17(e) to increase investment limits for the agribusiness development corporation's investments in qualified securities of any single enterprise.

Removes the $500,000 cap on initial investments in any one enterprise, replacing it with a blank amount to be determined.

Allows the corporation to own more than 49 percent of voting stock in an enterprise if severe financial difficulty threatens the corporation's initial investment.

Maintains the 50 percent limit on direct investments as a portion of total corporate assets.

Takes effect July 1, 2050.