Chapter 155 — Chapter 155

PART I. AGRICULTURAL LOAN PROGRAM §155-1 Definitions. Whenever used in this chapter: "Biosecurity" means a system that serves to protect the health of livestock, poultry, and humans from diseases, pests, and pathogens and measures that prevent disease causing agents from entering…

§155-10 General eligibility requirements for loans. To be eligible for loans under this chapter, an applicant shall be:

§155-11 Security for loans; mortgages. (a) Loans made under this chapter may be secured by duly recorded first mortgages upon the following property within the State: (b) It also shall be lawful for the department of agriculture and biosecurity to require and accept as security f…

§155-12 Conditions. Every borrower who is granted a loan under this chapter shall comply with the following conditions:

§155-13 Repayment; refinancing. (a) Loans made under this chapter shall be repaid in accordance with a payment plan specified by the lender, with payments applied first to interest and then to principal. (b) Additional payments in any sums, or the payment of the entire principal,…

§155-14 Funds; application of payments. (a) There is created a special fund to be known as the agricultural loan revolving fund, from which moneys shall be loaned by the department of agriculture and biosecurity under this chapter. The department, by its board of agriculture and …

§155-2 Objectives. One of the objectives of the department of agriculture and biosecurity shall be to promote the agricultural development of the State by stimulating, facilitating, and granting loans to qualified farmers and food manufacturers. The department shall encourage the…

Part II. water infrastructure loans §155-31 Definitions. As used in this part: "Department" means the department of agriculture and biosecurity. "Water infrastructure charge" means the on-bill charges for the use and services of the loan program, including the repayment of loans …

§155-32 Hawaii water infrastructure loan program. There is established a Hawaii water infrastructure loan program, which shall be a loan program as defined under section 39-51. The program shall be administered by the department in a manner consistent with chapter 39, part III. T…

§155-33 Powers of the department. The department shall have the following powers:

§155-34 REPEALED. L Sp 2021, c 9, §9.

§155-4 Powers and duties of the department. The department of agriculture and biosecurity shall have the following powers:

§155-5 Loans insured by the department. (a) The department of agriculture and biosecurity may insure up to ninety per cent of the principal balance of a loan, plus interest due thereon, made to a qualified farmer, qualified new farmer, or qualified food manufacturer by a private …

§155-5.5 Loans guaranteed by the department. (a) The department of agriculture and biosecurity may guarantee up to ninety per cent of the principal balance of a loan, plus interest due thereon, made to a qualified farmer, qualified food manufacturer, or cooperative by a private l…

§155-5.6 Loan guaranty; important agricultural lands; agricultural and aquacultural loans. (a) From July 1, 2009, the chairperson of the board of agriculture and biosecurity may guarantee loans made by commercial lenders authorized to do business in this State, to agricultural pr…

§155-6 Participation in loans by the department. (a) The department of agriculture and biosecurity may provide funds for a share, not to exceed ninety per cent, of the principal amount of a loan made to a qualified farmer, qualified new farmer, or qualified food manufacturer by a…

§155-6.5 Cooperation in loans by the department. (a) The department of agriculture and biosecurity, for a fee, may underwrite and service loans for cooperating private lenders and government loan programs providing loan funds to qualified farmers and qualified food manufacturers.…

§155-7 REPEALED. L 1997, c 258, §21.

§155-8 Direct loans. (a) The department of agriculture and biosecurity may make loans directly to qualified farmers, qualified new farmers, or qualified food manufacturers who are unable to obtain sufficient funds at reasonable rates from private lenders either independently or u…