REPORT TITLE:
Papayas; emergency appropriati


DESCRIPTION:
Authorizes an emergency appropriation of $50,000 in revolving
funds for fiscal year 1998-1999 to allow the Agribusiness
Development Corporation (ADC) to reimburse the papaya industry
for securing patent licenses need to commercialize the transgenic
papaya and carry out its ongoing projects.

 
a                                                      AGR-9(99)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        1064
THE SENATE                              S.B. NO.           
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
________________________________________________________________
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                   A  BILL  FOR  AN  ACT

MAKING AN EMERGENCY APPROPRIATION FOR THE AGRIBUSINESS
   DEVELOPMENT CORPORATION.



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

 1      SECTION 1.  This Act is recommended by the governor for
 
 2 immediate passage in accordance with section 9 of article VII of
 
 3 the Constitution of the State of Hawaii.
 
 4      SECTION 2.  Act 328, Session Laws of Hawaii 1997, as amended
 
 5 by Act 116, Session Laws of Hawaii 1998, appropriated certain
 
 6 designated sums from the Hawaii agricultural development
 
 7 revolving fund for agribusiness development and research (AGR
 
 8 161) for the fiscal year 1998-1999.
 
 9      A critical funding emergency exists.  The papaya ringspot
 
10 virus disease has devastated the papaya industry.  A genetically
 
11 engineered papaya proven to be resistant to the ringspot virus
 
12 was recently developed and patented.  Securing the patent
 
13 licenses for the transgenic papaya is expected to ensure the
 
14 economic growth and expansion of the papaya industry in Hawaii.
 
15 A project authorized by the agribusiness development corporation
 
16 to assist the papaya industry with the cost of securing the
 
17 transgenic papaya patent licenses requires the expenditure of
 
18 additional funds in fiscal year 1998-1999 from the Hawaii
 
19 agricultural development revolving fund.
 

 
a                                                      AGR-9(99)
Page 2                                                     1064
                                     S.B. NO.           
                                                        
                                                        

 
 1      The purpose of this Act is to appropriate additional
 
 2 revolving funds in fiscal year 1998-1999 to allow the
 
 3 agribusiness development corporation to reimburse the papaya
 
 4 industry for securing patent licenses needed to commercialize the
 
 5 transgenic papaya and to allow the agribusiness development
 
 6 corporation to carry out its ongoing projects.
 
 7      SECTION 3.  There is appropriated out of the Hawaii
 
 8 agricultural development revolving fund the sum of $50,000, or so
 
 9 much thereof as may be necessary for fiscal year 1998-1999, to
 
10 reimburse the papaya industry for securing patent licenses needed
 
11 to commercialize the transgenic papaya and to allow the
 
12 agribusiness development corporation to carry out its ongoing
 
13 projects.
 
14      SECTION 4.  The sums appropriated shall be expended by the
 
15 agribusiness development corporation for the purposes of this
 
16 Act.
 
17      SECTION 5.  This Act shall take effect upon its approval. 
 
18 
 
19                           INTRODUCED BY:  _______________________
 

 
a                                                      AGR-9(99)