SB221 CD1

Report Title:

Agribusiness Development Corporation

 

Description:

Extends the composition of the current agribusiness development corporation's board of directors for an additional four years. (CD1)

 

THE SENATE	S.B. NO.	221
TWENTY-FIRST LEGISLATURE, 2001		S.D. 1
STATE OF HAWAII		H.D. 1
		C.D. 1

A BILL FOR AN ACT

 

RELATING TO AGRICULTURE.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. The legislature finds that agriculture in Hawaii is continuing its transition from primarily sugar and pineapple to a diversified, multicrop industry. While some success has been achieved, current efforts must be intensified to accomplish the many tasks that lie ahead.

To address this issue, the legislature approved Act 117, Session Laws of Hawaii (SLH) 1999, by altering the requirements for the agribusiness development corporation's board of directors to include knowledge and experience in banking, real estate, and promotion. Act 117 also amended Act 176, SLH 1998, replacing the current membership of the corporation's board of directors with the board of agriculture on July 1, 2001, instead of July 1, 1999.

The legislature further finds that five new members were appointed to the board of directors of the agribusiness development corporation in September 1999. Two years is an insufficient amount of time to implement policies under this new leadership and make a successful transition to the board of agriculture.

The purpose of this Act is to support the continued redevelopment of Hawaii's $2,900,000,000 agricultural industry by extending the composition of the current agribusiness development corporation's board of directors for an additional four years.

SECTION 2. Act 176, Session Laws of Hawaii 1998, as amended by Act 117, Session Laws of Hawaii 1999, is amended by amending section 19 to read as follows:

"SECTION 19. This Act shall take effect on July 1, 1998; provided that section 5 shall take effect on [July 1, 2001.] July 1, 2005."

SECTION 3. Act 117, Session Laws of Hawaii 1999, is amended by amending section 6 to read as follows:

"SECTION 6. This Act shall take effect on June 30, 1999; provided that:

(1) Section 1 shall be repealed on [June 30, 2001; and] June 30, 2005; and

(2) Section 4 shall take effect on July 1, 1999."

SECTION 4. Statutory material to be repealed is bracketed

and stricken. New statutory material is underscored.

SECTION 5. This Act shall take effect on June 29, 2001.