Hawaii 2022 Regular Session

Hawaii Senate Bill SB3030 Compare Versions

Only one version of the bill is available at this time.

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1	1	THE SENATE S.B. NO. 3030 THIRTY-FIRST LEGISLATURE, 2022 STATE OF HAWAII 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	THE SENATE S.B. NO. 3030
4	4	THIRTY-FIRST LEGISLATURE, 2022
5	5	STATE OF HAWAII
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7	7	THE SENATE
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9	9	S.B. NO.
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11	11	3030
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13	13	THIRTY-FIRST LEGISLATURE, 2022
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17	17	STATE OF HAWAII
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31	31	A BILL FOR AN ACT
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37	37	RELATING TO AGRICULTURAL LOANS.
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43	43	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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47	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, 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 $2,500,000 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 $2,500,000 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, upon its approval, shall take effect on July 1, 2022. INTRODUCED BY: _____________________________ BY REQUEST
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49	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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51	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, into which shall be deposited:
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53	53	(1) All payments received on account of principal from loans made by the fund; and
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55	55	(2) Appropriations made by the legislature to the fund.
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57	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	59	SECTION 2. Section 155-14, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
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61	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	63	SECTION 3. There is appropriated out of the general revenues of the State of Hawaii the sum of $2,500,000 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	65	SECTION 4. There is appropriated out of the agricultural emergency loan revolving fund the sum of $2,500,000 or so much thereof as may be necessary for fiscal year 2022-2023 for the purposes of the fund.
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67	67	The sum appropriated shall be expended by the department of agriculture for the purposes of this Act.
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69	69	SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
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71	71	SECTION 6. This Act, upon its approval, shall take effect on July 1, 2022.
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75	75	INTRODUCED BY: _____________________________
76	76	BY REQUEST
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78	78	INTRODUCED BY:
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80	80	_____________________________
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86	86	BY REQUEST
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88	88	Report Title: Agricultural Loans; Appropriation Description: Establishes the agricultural emergency loan revolving fund to be administered by the Department of Agriculture. Provides a separate source of funding for emergency agricultural loans. Makes an appropriation. 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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94	94	Report Title:
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96	96	Agricultural Loans; Appropriation
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100	100	Description:
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102	102	Establishes the agricultural emergency loan revolving fund to be administered by the Department of Agriculture. Provides a separate source of funding for emergency agricultural loans. Makes an appropriation.
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110	110	The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.