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HI HB747
Bill
Status
4/9/2013
Primary Sponsor
Richard Onishi
Click for details
AI Summary
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Amends Section 163D-17, Hawaii Revised Statutes to remove the specified $500,000 investment limit on qualified securities issued by any one enterprise by the agribusiness development corporation, leaving the amount unspecified.
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Allows the corporation to invest more than the previous $500,000 limit in a single enterprise if needed to protect an initial investment and other statutory findings are met.
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Appropriates unspecified sums from the general fund for fiscal years 2013-2014 and 2014-2015 to the agribusiness development corporation for purchase of certain agricultural lands identified by tax map key numbers.
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Takes effect on July 1, 2050.
Legislative Description
Agriculture; Hawaii Agricultural Development Revolving Fund; Corporation Funds; Agribusiness Development Corporation; Appropriation ($)
Last Action
Received notice of discharge of conferees (Hse. Com. No. 41).
2/19/2014