# Hawaii HB 984: RELATING TO AGRICULTURAL LOANS.

Hawaii HB 984, RELATING TO AGRICULTURAL LOANS., is a 2025–2026 Regular Session (Year 1) House bill sponsored by Nadine K. Nakamura (Democratic); status signed, last action 2025-05-19 (Act 069, 05/19/2025 (Gov. Msg. No. 1169).); PRIA reads it as touching household money (as of 2026-10-27).

- Canonical: https://policyrisk.com/state-bill/HI-HB984-2025
- As of: 2026-10-27
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii HB 984
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 1)
- Title: RELATING TO AGRICULTURAL LOANS.
- Status: signed
- Chamber: House
- Introduced: 2025-01-21
- Last action: 2025-05-19, Act 069, 05/19/2025 (Gov. Msg. No. 1169).
- Sponsor: Nadine K. Nakamura (Democratic)
- Cosponsors: 0
- Subjects: Department of Agriculture, Agricultural Loan Program, Loan Limits, Interest Rates, Credit Denials, Line of Credit, Import Replacement Loans, AEN, WAM
- Touches household money: yes
- Roll calls: 10 (213 yes, 0 no in all)
- Economic provisions PRIA read: 3

## Summary

Updates the Agricultural Loan Program by lowering and fixing interest rates, increasing and standardizing loan limits, and reducing the number of credit denials. Includes food hubs as an eligible entity for Class E loans. Authorizes the Agricultural Loan Program to issue lines of credit. Creates a new class of loans to encourage large scale agriculture of import replacement crops or crops grown for the farm to state program. (CD1)

## Bill overview: provisions PRIA read

- Easier access to Hawaii farm loans: benefit, medium. Beginning July 1, 2025, farm loan applicants generally need one credit denial instead of two. Denials may come from private lenders, the Farm Credit System, or the U.S. Department of Agriculture. The denial rule does not apply to loans of $100,000 or less for farm trainees and recent college gradua…
- Farmers get loans for local crops: mixed, high. Beginning July 1, 2025, qualified farmers can apply for class K loans to expand import-replacement crops at a scale that can affect regional, island-wide, or statewide markets. Loans can also support crops grown for the farm-to-state program; those loans need a written commitment from the appropria…
- Set rates for Hawaii farm loans: mixed, low. Beginning July 1, 2025, annual rates are 4% for class A, B, C, E, G, and J loans. Classes D, F, H, I, and K have 3% rates. If the Department of Agriculture borrowed the money, the rate is the class rate or 1% above the State’s borrowing cost, whichever is higher. The law sets low class rates, but t…

## Sponsors and cosponsors

- Sponsor: Nadine K. Nakamura (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-30 | House | House Floor Vote | pass | 49 | 0 |   |
| 2025-04-23 | House | The Conference Committee recommends that the measure be Passed, with Amendments.... | pass | 4 | 0 |   |
| 2025-04-23 | Senate | The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS.... | pass | 3 | 0 |   |
| 2025-04-08 | Senate | Senate Floor Vote | pass | 25 | 0 |   |
| 2025-04-02 | Senate | The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The... | pass | 13 | 0 |   |
| 2025-03-10 | Senate | The committee(s) on AEN recommend(s) that the measure be PASSED, WITH AMENDMENT... | pass | 4 | 0 |   |
| 2025-03-04 | House | House Floor Vote | pass | 49 | 0 |   |
| 2025-02-20 | House | The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The ... | pass | 14 | 0 |   |
| 2025-02-14 | House | Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN... | pass | 47 | 0 |   |
| 2025-02-07 | House | The committee on AGR recommend that the measure be PASSED, WITH AMENDMENTS. The ... | pass | 5 | 0 |   |

## Actions (47)

- 2025-05-19: Act 069, 05/19/2025 (Gov. Msg. No. 1169). (Senate)
- 2025-05-19: Act 069, on 05/19/2025 (Gov. Msg. No. 1169). (House)
- 2025-05-02: Received notice of passage on Final Reading in House (Hse. Com. No. 821). (Senate)
- 2025-05-01: Received notice of Final Reading (Sen. Com. No. 888). (House)
- 2025-05-01: Transmitted to Governor. (House)
- 2025-04-30: Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none. (Senate)
- 2025-04-30: Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick excused (2). (House)
- 2025-04-24: Reported from Conference Committee (Conf Com. Rep. No. 21) as amended in (CD 1). (House)
- 2025-04-24: Forty-eight (48) hours notice Wednesday, 04-30-25. (House)
- 2025-04-24: Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 21). (Senate)
- 2025-04-24: 48 Hrs. Notice (as amended CD 1) 04-30-25 (Senate)
- 2025-04-23: The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Gabbard, Aquino, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa. (Senate)
- 2025-04-23: The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Kahaloa, Kusch, Perruso, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Quinlan. (House)
- 2025-04-22: Conference committee meeting to reconvene on 04-23-25 9:31AM; Conference Room 325. (Senate)
- 2025-04-21: Conference Committee Meeting will reconvene on Tuesday 04-22-25 9:31AM in conference room 325. (House)
- 2025-04-17: Bill scheduled for Conference Committee Meeting on Monday, 04-21-25 10:30AM in conference room 325. (House)
- 2025-04-15: Received notice of appointment of House conferees (Hse. Com. No. 732). (Senate)
- 2025-04-15: Senate Conferees Appointed: Gabbard Chair; Aquino Co-Chair; Richards, Awa. (Senate)
- 2025-04-15: Received notice of Senate conferees (Sen. Com. No. 788). (House)
- 2025-04-14: House Conferees Appointed: Kahaloa, Kusch Co-Chairs; Perruso, Quinlan, Matsumoto. (House)
- 2025-04-11: Received notice of disagreement (Hse. Com. No. 704). (Senate)
- 2025-04-10: House disagrees with Senate amendment (s). (House)
- 2025-04-08: Report adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House. (Senate)
- 2025-04-08: Returned from Senate (Sen. Com. No. 698) in amended form (SD 1). (House)
- 2025-04-04: Reported from WAM (Stand. Com. Rep. No. 1685) with recommendation of passage on Third Reading. (Senate)
- 2025-04-04: One Day Notice 04-08-25. (Senate)
- 2025-04-02: The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. (Senate)
- 2025-03-27: The committee(s) on WAM will hold a public decision making on 04-02-25 10:01AM; Conference Room 211 & Videoconference. (Senate)
- 2025-03-13: Reported from AEN (Stand. Com. Rep. No. 1075) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. (Senate)
- 2025-03-13: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (Senate)
- 2025-03-10: The committee(s) on AEN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in AEN were as follows: 4 Aye(s): Senator(s) Gabbard, Richards, DeCoite, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Rhoads. (Senate)
- 2025-03-06: Received from House (Hse. Com. No. 314). (Senate)
- 2025-03-06: Passed First Reading. (Senate)
- 2025-03-06: Referred to AEN, WAM. (Senate)
- 2025-03-06: The committee(s) on AEN has scheduled a public hearing on 03-10-25 1:01PM; Conference Room 224 & Videoconference. (Senate)
- 2025-03-04: Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate. (House)
- 2025-02-28: Reported from FIN (Stand. Com. Rep. No. 1108) as amended in HD 2, recommending passage on Third Reading. (House)
- 2025-02-28: Forty-eight (48) hours notice Tuesday, 03-04-25. (House)
- 2025-02-20: The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward. (House)
- 2025-02-18: Bill scheduled to be heard by FIN on Thursday, 02-20-25 2:00PM in House conference room 308 VIA VIDEOCONFERENCE. (House)
- 2025-02-14: Reported from AGR (Stand. Com. Rep. No. 639) as amended in HD 1, recommending passage on Second Reading and referral to FIN. (House)
- 2025-02-14: Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Matayoshi, Poepoe, Ward excused (4). (House)
- 2025-02-07: The committee on AGR recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Kahaloa, Kusch, Lowen, Perruso, Quinlan; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Ward. (House)
- 2025-02-05: Bill scheduled to be heard by AGR on Friday, 02-07-25 9:30AM in House conference room 325 VIA VIDEOCONFERENCE. (House)
- 2025-01-23: Introduced and Pass First Reading. (House)
- 2025-01-23: Referred to AGR, FIN, referral sheet 3 (House)
- 2025-01-21: Pending introduction. (House)

## Bill text

- Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_CD1_.pdf)
- HB984_CD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_CD1_.HTM)
- HB984_HD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_HD1_.HTM)
- HB984_HD2: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_HD2_.HTM)
- HB984_SD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_SD1_.HTM)
- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2025/bills/GM1169_.PDF)

## Related bills

- HB 431: RELATING TO HOUSING. (signed)
- HB 420: RELATING TO REMEDIES. (signed)
- HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS. (signed)
- HB 1064: RELATING TO FIRE PROTECTION. (signed)
- HB 943: RELATING TO HOMELESSNESS. (signed)
- HB 613: RELATING TO HOMELESS YOUTH. (signed)

## Sources
- [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_CD1_.pdf)
- [HB984_CD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_CD1_.HTM)
- [HB984_HD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_HD1_.HTM)
- [HB984_HD2 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_HD2_.HTM)
- [HB984_SD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_SD1_.HTM)
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2025/bills/HB984_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2025/bills/GM1169_.PDF)

## Related
- [HB 431: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-HB431-2025)
- [HB 420: RELATING TO REMEDIES.](https://policyrisk.com/state-bill/HI-HB420-2025)
- [HB 830: RELATING TO HISTORIC PRESERVATION REVIEWS.](https://policyrisk.com/state-bill/HI-HB830-2025)
- [HB 1064: RELATING TO FIRE PROTECTION.](https://policyrisk.com/state-bill/HI-HB1064-2025)
- [HB 943: RELATING TO HOMELESSNESS.](https://policyrisk.com/state-bill/HI-HB943-2025)
- [HB 613: RELATING TO HOMELESS YOUTH.](https://policyrisk.com/state-bill/HI-HB613-2025)
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- [Hawaii state hub](https://policyrisk.com/states/hawaii)
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Source: PRIA, https://policyrisk.com/state-bill/HI-HB984-2025 (as of 2026-10-27).