HI HB1917

Director of finance authorized to issue $8,000,000 in general obligation bonds for irrigation infrastructure on the former Galbraith Estate property.

Appropriation of $8,000,000 for fiscal year 2014-2015 to be expended by the agribusiness development corporation for irrigation infrastructure development.

Appropriation does not lapse at end of fiscal year; however, any unencumbered funds as of June 30, 2016 shall lapse on that date.

Funding supports redevelopment of over 1,700 acres acquired by the State (1,207 acres by department of agriculture) to increase local agricultural production and support smaller agricultural operations.

Effective July 1, 2014.