155-31 Definitions.
§155-31 Definitions. As used in this part: “Department” means the department of agriculture. “Water infrastructure charge” means the on-bill charges for the use and services of the loan program, including the repayment of loans made under the loan program to be imposed on water utility customers. “Water infrastructure equipment” means infrastructure improvements, equipment, and personal […]
155-32 Hawaii water infrastructure loan program.
§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. This loan program may include: (1) Loans made, on terms approved by […]
155-33 Powers of the department.
§155-33 Powers of the department. The department shall have the following powers: (1) Make loans and expend funds to finance the purchase or installation of water infrastructure equipment for dams, reservoirs, hydroelectric pumping, storm water reclamation, ditch maintenance, spillways, wells, water ducts, water distribution systems, and water tanks; (2) Hire employees necessary to perform its […]
155-34 REPEALED.
§155-34 REPEALED. L Sp 2021, c 9, §9.
155-2 Objectives.
§155-2 Objectives. One of the objectives of the department of agriculture 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 growth, development, and well-being of agriculture in the State by: (1) Maximizing the use of limited state […]
155-15 REPEALED.
§155-15 REPEALED. L 1995, c 77, §1.
155-3 Restriction.
§155-3 Restriction. Loans authorized by this chapter shall require two credit denials, except for class “F” loans for new farmer and farm innovation programs, which shall require one credit denial. This requirement shall be waived for new farmer loans for $100,000 or less for farm trainees and recent college graduates with a degree in agriculture. […]
155-4 Powers and duties of the department.
§155-4 Powers and duties of the department. The department of agriculture shall have the following powers: (1) Employ a secretary, who may be exempt from chapter 76, and other full-time and part-time employees, subject to chapter 76, as are necessary to effectuate the purposes of this chapter; (2) Designate agents throughout the State as may […]
155-5 Loans insured by the department.
§155-5 Loans insured by the department. (a) The department of agriculture 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 lender who is unable to otherwise lend the applicant sufficient funds […]
155-5.5 Loans guaranteed by the department.
§155-5.5 Loans guaranteed by the department. (a) The department of agriculture 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 lender; provided that at no time shall the aggregate amount of the State’s […]