HI HB912

Appropriates unspecified amounts from general revenues for fiscal years 2025-2026 and 2026-2027 to offset debt service costs for the Waiahole water system

The Waiahole water system is a 26-mile irrigation system built between 1912-1916 that diverts approximately 27 million gallons per day from windward to leeward Oahu for agricultural use

The Agribusiness Development Corporation acquired the system in 1998 and was required to reimburse the State for acquisition costs, creating ongoing debt that hinders maintenance and improvements

Funds would be deposited into the Waiahole water system revolving fund and used to reimburse the state general fund for debt service on general obligation bonds

Effective date of July 1, 3000 (placeholder date indicating the bill requires further amendment before implementation)