REPORT TITLE:
Agricultural Park Leases


DESCRIPTION:
Expands the eligibility for agricultural park leases to include
revocable living trusts and limited liability companies.

 
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                                                        1062
THE SENATE                              S.B. NO.           S.D. 1
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO AGRICULTURAL PARK LEASES.



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

 1      SECTION 1.  Section 166-7, Hawaii Revised Statutes, is
 
 2 amended to read as follows:
 
 3      "166-7  Applicants.  [A] Any person, including a revocable
 
 4 living trust, partnership, corporation, limited liability
 
 5 company, [or] association, or an agricultural cooperative
 
 6 organized under chapter 421 at least seventy-five per cent of the
 
 7 trustees, partners, officers and stockholders, or members of
 
 8 which qualify individually, may apply for an agricultural park
 
 9 lease if the person, trustees, partners, officers and
 
10 stockholders, or members are eligible and qualified according to
 
11 criteria set forth in rules adopted by the board in conformance
 
12 with section 166-9."
 
13      SECTION 2.  Statutory material to be repealed is bracketed.
 
14 New statutory material is underscored.
 
15      SECTION 3.  This Act shall take effect on July 1, 1999.
 

 
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