Representative Jon Riki Karamatsu
Journal Written Remarks – Day 26 – Tuesday, March 6, 2007
OD Page 21, Stand. Com. Rep. No. 1183, House Bill 337 House Draft 2
Relating to Agriculture
I rise in support.
The purpose of this bill is to preserve agricultural lands on Oahu by authorizing the Agribusiness Development Corporation (ADC) to purchase through general funds or revenue bonds, agricultural lands located in the Kunia or Ewa areas on Oahu, or both. In addition, ADC would have the authority to lease ADC-controlled agricultural land by contracting with a financial institution that is transacting business in this state to provide lease management service. Finally, this measure provides additional flexibility to ADC by allowing it to purchase, accept, and maintain permanent conservation easements in accordance with the Natural Resources Conservation Service Farm and Ranch Lands Protection Program.
Thank you.
JON RIKI KARAMATSU 