HI SB2292

Authorizes the director of finance to issue general obligation bonds for irrigation infrastructure on the former Galbraith Estate property acquired by the State for agricultural use.

Appropriates bond proceeds for fiscal year 2014-2015 to the agribusiness development corporation for constructing irrigation, electrical, roads, and other capital improvements on the 1,207-acre former Galbraith Estate property owned by the department of agriculture.

Appropriated funds shall not lapse at the end of the fiscal year, but any unencumbered moneys as of June 30, 2016, shall lapse on that date.

Declares that the Act takes effect on July 1, 2050 (note: specific bond amount is blank in the bill text).