Hawaii 2022 Regular Session

Hawaii House Bill HB2062 Compare Versions

Version 1 (Old)

Version 2 (New)

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1		-	HOUSE OF REPRESENTATIVES H.B. NO. 2062 THIRTY-FIRST LEGISLATURE, 2022 H.D. 1 STATE OF HAWAII S.D. 1 ~~C.D. 1~~ A BILL FOR AN ACT RELATING TO AGRICULTURAL LOANS. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
	1	+	HOUSE OF REPRESENTATIVES H.B. NO. 2062 THIRTY-FIRST LEGISLATURE, 2022 H.D. 1 STATE OF HAWAII S.D. 1 A BILL FOR AN ACT RELATING TO AGRICULTURAL LOANS. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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3	3		HOUSE OF REPRESENTATIVES H.B. NO. 2062
4	4		THIRTY-FIRST LEGISLATURE, 2022 H.D. 1
5	5		STATE OF HAWAII S.D. 1
6		-	C.D. 1
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8	7		HOUSE OF REPRESENTATIVES
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10	9		H.B. NO.
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12	11		2062
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14	13		THIRTY-FIRST LEGISLATURE, 2022
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16	15		H.D. 1
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18	17		STATE OF HAWAII
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20	19		S.D. 1
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24		-	~~C.D. 1~~
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32	31		A BILL FOR AN ACT
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38	37		RELATING TO AGRICULTURAL LOANS.
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44	43		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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48		-	SECTION 1. There is appropriated out of the general revenues of the State of Hawaii the sum of $~~1,500,000~~ or so much thereof as may be necessary for fiscal year 2022-2023 to be deposited into the agricultural loan revolving fund. SECTION 2. There is appropriated out of the agricultural loan revolving fund the sum of $~~1,500,000~~ or so much thereof as may be necessary for fiscal year 2022-2023 for the purpose of funding class D emergency loans made pursuant to section 155-9(e), Hawaii Revised Statutes; provided that the department of agriculture may approve emergency loans of up to $1,500,000 in excess of the ~~$5,000,000 annual ceiling for the agricultural loan revolving~~ fund ~~during a state of emergency declared by the governor pursuant to chapter 127A, Hawaii Revised Statutes~~. The sum appropriated shall be expended by the department of agriculture for the purposes of this Act. SECTION 3. This Act shall take effect on July 1, ~~2022~~.
	47	+	SECTION 1. Chapter 155, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows: "§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 emergency 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 2022-2023 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 2022-2023 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 July 1, 2051.
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50		-	SECTION 1. ~~There~~ is ~~appropriated out of the general revenues of the State of Hawaii the sum of $1,500,000 or so much thereof as may be necessary for fiscal year 2022-2023~~ to be ~~deposited into the agricultural loan revolving fund.~~
	49	+	SECTION 1. Chapter 155, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
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52		-	SECTION 2. There is appropriated out of the agricultural loan revolving fund the sum of $1,500,000 or so much thereof as may be necessary for fiscal year 2022-2023 for the purpose of funding class D emergency loans made pursuant to section 155-9(e), Hawaii Revised Statutes; provided that the department of agriculture may approve emergency loans of up to $1,500,000 in excess of the $5,000,000 annual ceiling for the agricultural loan revolving fund during a state of emergency declared by the governor pursuant to chapter 127A, Hawaii Revised Statutes.
	51	+	"§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:
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	53	+	(1) All payments received on account of principal from loans made by the fund; and
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	55	+	(2) Appropriations made by the legislature to the fund.
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	57	+	(b) Moneys in the agricultural emergency loan revolving fund shall be used to fund class D emergency loans made pursuant to section 155-9(e)."
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	59	+	SECTION 2. Section 155-14, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
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	61	+	"(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."
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	63	+	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 2022-2023 to be deposited into the agricultural emergency loan revolving fund.
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	65	+	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 2022-2023 for the purposes of the fund.
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54	67		The sum appropriated shall be expended by the department of agriculture for the purposes of this Act.
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56		-	SECTION 3. ~~This Act shall take effect on July 1,~~ ~~2022~~.
	69	+	SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
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58		-	Report Title: Agricultural Loans; Agricultural Loan Revolving Fund; Appropriation Description: Appropriates funds into and out of the agricultural loan revolving fund to fund class D emergency loans. Provides that the department of agriculture may approve emergency loans of up to $1,500,000 in excess of the $5,000,000 annual ceiling for the agricultural loan revolving fund during a state of emergency declared by the governor pursuant to chapter 127A, Hawaii Revised Statutes. (CD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
	71	+	SECTION 6. This Act shall take effect on July 1, 2051.
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	73	+	Report Title: Agricultural Loans; Emergency Loans; Appropriation Description: Establishes the agricultural emergency loan revolving fund, to be administered by the department of agriculture, to fund class D emergency loans. Provides a separate source of funding for emergency agricultural loans. Appropriates funds. Effective 7/1/2051. (SD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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64	79		Report Title:
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66		-	Agricultural Loans; ~~Agricultural Loan Revolving Fund~~; Appropriation
	81	+	Agricultural Loans; Emergency Loans; Appropriation
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70	85		Description:
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72		-	~~Appropriates funds into and out of~~ the agricultural loan revolving fund to fund class D emergency loans. Provides ~~that the department~~ of ~~agriculture may approve~~ emergency ~~loans of up to $1,500,000 in excess of the $5,000,000 annual ceiling for the~~ agricultural ~~loan revolving fund during a state of emergency declared by the governor pursuant to chapter 127A, Hawaii Revised Statutes~~. (~~CD1~~)
	87	+	Establishes the agricultural emergency loan revolving fund, to be administered by the department of agriculture, to fund class D emergency loans. Provides a separate source of funding for emergency agricultural loans. Appropriates funds. Effective 7/1/2051. (SD1)
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80	95		The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.