THE SENATE	S.B. NO.	2020
TWENTY-SEVENTH LEGISLATURE, 2014		S.D. 2
STATE OF HAWAII

A BILL FOR AN ACT

 

 

RELATING TO ECONOMIC DEVELOPMENT.

 

 

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

 

     SECTION 1.  The Hawaii Revised Statutes is amended by adding a new chapter to be appropriately designated and to read as follows:

"Chapter

Agricultural foreign-trade zone

     §   -1  Purpose.  An agricultural foreign-trade zone can assist businesses with warehouse savings, the importing and exporting of resources, manufacturing incentives, and export financing.  Foreign-trade zones are intended to make United States companies more competitive globally by offsetting customs advantages available to overseas producers that compete with the domestic industry.

     §   -2  Agricultural foreign-trade zone; establishment; boundaries.  In accordance with the requirements of sections 212-3 and 212-4, the governor may do all things necessary and proper to carry into effect the establishing, maintaining, and operating of an agricultural foreign-trade zone; provided that the agricultural foreign-trade zone shall be restricted to the parcels of land identified by the following tax map keys:  7-1-002: 009, 7-1-002: 023, and 7-1-002: 004.

     §   -3  Jurisdiction.  Any law to the contrary notwithstanding, the foreign-trade zone division of the department of business, economic development, and tourism shall have jurisdiction and administrative authority over the area described in section    -2 being used as a foreign-trade zone.

     §   -4  Benefits.  The foreign-trade zone benefits made available under chapter 212 shall apply to all businesses operating within the agricultural foreign-trade zone whose services relate to agriculture."

     SECTION 2.  This Act shall take effect on July 1, 2050.

 

 

Report Title:

Agricultural Foreign-trade Zone; Economic Development; Establishment

 

Description:

Establishes an agricultural foreign-trade zone; specifies boundaries, jurisdiction, and benefits.  Effective 07/01/2050.  (SD2)

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.