HI SB974

Authorizes the State to issue special purpose revenue bonds to assist agricultural enterprises, subject to ratification of a constitutional amendment

Provides lower interest rate financing for agricultural operations including construction and improvements to irrigation systems, roads, utilities, and processing facilities

Defines "agricultural enterprise" and expands the definition of "project" to include machinery, equipment, furnishings, and apparatus used in agricultural operations

Allows interest on special purpose revenue bonds to be eligible for inclusion as gross income for tax credit and tax deferral programs

Sets effective date of July 1, 2050, to allow for further discussion on the measure