HB 1561 Summary

• Appropriates funds for the Agribusiness Development Corporation (ADC) operating budget for fiscal years 2019-2021, including $2,030,293 in general funds and $4,741,879 in revolving funds for FY 2019-2020, and $930,293 in general funds and $4,544,718 in revolving funds for FY 2020-2021.

• Authorizes 10 permanent full-time equivalent positions and 14 temporary full-time equivalent positions for the AGR161 - Agribusiness Development and Research program.

• Requires the ADC to submit annual reports to the legislature and post specified information on its website, including lot leasing data by island and size, vacant parcel information, and details on lease sales or transfers.

• Mandates the State Auditor to conduct a performance audit of the ADC and appropriates $100,000 for a financial audit to be completed by the 2021 legislative session.

• Appropriates $20,000 for the Department of Agriculture to conduct an environmental assessment and appraisal of property identified as TMK (1) 9-2-001:011-0000.

• Takes effect on June 28, 2019.