RELATING TO THE AGRIBUSINESS DEVELOPMENT CORPORATION.
What changed between versions
The corporation is now authorized to coordinate with federal and state farm credit programs to support agricultural financing.
The corporation can now grant options to purchase projects or renew leases, providing more flexibility in project management.
The corporation is authorized to provide advisory, training, and technical assistance services to public and private entities.
Grant eligibility was broadened to include the expansion of established agricultural enterprises and the alteration of existing ones, not just new crops or products.
A new restriction was added to the condemnation power: real property acquired by eminent domain cannot be transferred or taken for any other public use without the corporation's consent, preventing future repurposing of the land.
The prohibition on modifying water rights for organizations benefiting people of Hawaiian ancestry was clarified by removing the word 'which' to improve legal clarity.