Bill Text: HI HB971 | 2023 | Regular Session | Amended
Bill Title: Relating To Agricultural Loans.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2023-04-28 - Conference committee meeting to reconvene on 04-28-23 4:30PM; Conference Room 309 [HB971 Detail]
Download: Hawaii-2023-HB971-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
971 |
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THIRTY-SECOND LEGISLATURE, 2023 |
H.D. 2 |
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STATE OF HAWAII |
S.D. 1 |
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A BILL FOR AN ACT
RELATING TO AGRICULTURAL LOANS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"§155- Agricultural
emergency loan revolving fund. (a)
There is established in the state
treasury the agricultural emergency loan revolving fund, to be administered and
expended by the department of agriculture, into which shall be deposited:
(1) All payments received on account of
principal from loans made by the fund; and
(2) Appropriations made by the
legislature to the fund.
(b) Moneys in the agricultural emergency loan revolving fund shall be used to fund class "D" loans made pursuant to section 155-9(e)."
SECTION 2. Section 155-14, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) All payments received on account of principal
shall be credited to the agricultural loan revolving fund[.] or the
agricultural emergency loan revolving fund based on which fund provided the
original funding for the loan."
SECTION 3. There is
appropriated out of the general revenues of the State of Hawaii the sum of
$ or so much
thereof as may be necessary for fiscal year 2023-2024 to be deposited into the
agricultural emergency loan revolving fund.
SECTION 4. There is
appropriated out of the agricultural emergency loan revolving fund the sum of
$ or so much
thereof as may be necessary for fiscal year 2023-2024 for the purposes of the
fund.
The sum appropriated shall be expended by the department of
agriculture for the purposes of this Act.
SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 6. This Act shall take effect on June 30, 3000.
Report Title:
Agricultural Emergency Loans; HDOA; Appropriations
Description:
Establishes the agricultural emergency loan revolving fund, to be administered by the Department of Agriculture, to fund Class "D" loans. Appropriates funds. Effective 6/30/3000. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
