Report Title:

Relating to the Agribusiness Development Corporation.

Description:

Provides for staggered terms for the Board of Directors of the Agribusiness Development Corporation. (SD1)

THE SENATE

S.B. NO.

2816

TWENTY-SECOND LEGISLATURE, 2004

S.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO THE AGRIBUSINESS DEVELOPMENT CORPORATION.

 

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

SECTION 1. Currently, the board of directors of the agribusiness development corporation does not have staggered terms. Therefore, many board members' terms expire at the same time, leaving little continuity on the board. The purpose of this Act is to provide for staggered terms for the board of directors of the agribusiness development corporation.

SECTION 2. Section 163D-3, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:

"(b) The board of directors of the corporation shall consist of eleven voting members, of whom eight shall be appointed by the governor[.] pursuant to section 26-34. These eight members shall be selected on the basis of their knowledge, experience, and proven expertise in small and large businesses within the agricultural industry, agricultural economics, banking, real estate, finance, promotion, marketing, and management. Of these eight members, one shall be from the city and county of Honolulu, one shall be from the county of Hawaii, one shall be from the county of Maui, one shall be from the county of Kauai, and four shall be appointed at-large. The director of business, economic development, and tourism; the chairperson of the board of agriculture; and the chairperson of the board of land and natural resources, or their designated representatives, shall be ex-officio, voting members of the board. All members shall continue in office until their respective successors have been appointed and qualified. The board shall annually elect its chairperson from among its members; provided that the chairperson shall not be an ex-officio member."

SECTION 3. The governor shall reduce the terms of members of the board of directors of the agribusiness development corporation for appointments made for terms commencing on July 1, 2005, so as to provide, as nearly as can be, for the expiration of an equal number of terms at intervals of one year. The terms following the reduced terms shall be four-year terms.

SECTION 4. New material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 5. This Act shall take effect upon its approval.