Bill Text: HI SB2396 | 2018 | Regular Session | Amended
Bill Title: Relating To Loan Programs.
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Engrossed - Dead) 2018-03-23 - Passed Second Reading and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) C. Lee, Lowen, McDermott, Souki, Tokioka excused (5). [SB2396 Detail]
Download: Hawaii-2018-SB2396-Amended.html
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THE SENATE |
S.B. NO. |
2396 |
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TWENTY-NINTH LEGISLATURE, 2018 |
S.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO LOAN PROGRAMS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that the agricultural loan revolving fund has a balance of only $1,800,000. The legislature further finds that more agricultural lands have become available, including the Galbraith Estate in Kunia, and that additional funds are required to support new farmers and improve the State's food self-sufficiency.
The purpose of this Act is to appropriate additional funds to the agricultural loan revolving fund and Hawaii water infrastructure special fund.
SECTION 2. 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 2018-2019 to be
deposited into the agricultural loan revolving fund.
SECTION 3. There is appropriated out of the
agricultural loan revolving fund the sum of $
or so much thereof as may be necessary for fiscal year 2018-2019 for new
farmers and anticipated disaster funding.
The sum appropriated shall be expended by
the department of agriculture for the purposes of this Act.
SECTION 4. 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 2018-2019 to be
deposited into the Hawaii water infrastructure special fund.
SECTION 5. There is appropriated out of the
Hawaii water infrastructure special fund the sum of $
or so much thereof as may be necessary for fiscal year 2018-2019 for purposes
of meeting current and anticipated loan applications.
The sum appropriated shall be expended by
the department of agriculture for the purposes of this Act.
SECTION 6. This Act shall take effect on July 1, 2050.
Report Title:
Agricultural Loan Revolving Fund; Hawaii Water Infrastructure Special Fund; Department of Agriculture; Appropriations
Description:
Appropriates funds for and out of the agricultural loan revolving fund and Hawaii water infrastructure special fund. Effective 7/1/2050. (SD2)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
