Requesting The Director Of Finance To Issue General Obligation Bonds For The Purpose Of Financing The Agribusiness Development Corporation's Purchase Of The Fee Simple Interest In The North Kohala Kynnersly East Site Land Parcel For Agricultural Development.
The resolution highlights a pressing need to address the contraction of the agricultural sector in North Kohala, where many vital parcels of land remain unused. It identifies significant opportunities for investment which align with the community's commitment to sustainable agricultural practices and innovative farming techniques. The intent is to bolster food security and self-sufficiency by enhancing agricultural production capacity. By financially supporting local farms, the resolution aims to contribute to both economic growth and environmental stewardship in the region.
SCR166 is a Senate Concurrent Resolution from the State of Hawaii, requesting the Director of Finance to issue general obligation bonds to finance the purchase of agricultural land in the North Kohala district. This bill emphasizes the importance of a strong agricultural sector in the state to reduce reliance on imported goods and enhance local employment opportunities. By investing in the North Kohala region, known for its unique climate and fertile soils, the resolution aims to revitalize the agricultural industry while ensuring the preservation of local cultural heritage.
A point of contention surrounding SCR166 is the potential debate over the use of state funds for land acquisition and the long-term management of these agricultural assets. While proponents argue that the investment will benefit the community and agricultural sector, there may be concerns about the oversight mechanisms of the Agribusiness Development Corporation, which is tasked with managing the purchased lands. The resolution's support for enhancing local agriculture might face scrutiny regarding its implications for resource allocation and the prioritization of agricultural needs versus other state funding requirements.