HI HB737

Amends Hawaii Revised Statutes Chapter 39A, Part X to authorize the State to issue special purpose revenue bonds for all agricultural enterprises statewide, rather than only those serving important agricultural lands.

Removes the requirement that projects must serve "important agricultural lands" from definitions of "project," "project agreement," and "project party," broadening eligibility for bond financing.

Deletes the statutory definition of "important agricultural lands" as those designated under Chapter 205, Part III.

Allows the Department to include various costs in bond financing, including interest, trustee fees, reserves, planning expenses, and construction-related costs.

Effective July 1, 2014, contingent upon ratification of a constitutional amendment authorizing the State to issue special purpose revenue bonds and use proceeds to assist agricultural enterprises.