Hawaii Revised Statutes 219. Aquaculture Loan Program
- 219-1 Findings and Purpose.
The legislature finds that: (1) Aquaculture is a potentially viable industry for the State. (2) Conventional financial institutions traditionally do not provide loans in...
- 219-2 Definitions.
As used in this chapter: "Aquaculture" means the propagation, cultivation, or farming of aquatic plants and animals in controlled or selected environments for commercial...
- 219-3 Hawaii Aquaculture Loan Program.
There is established the Hawaii aquaculture loan program to be administered by the board of agriculture. [L 1971, c 181, pt of ยง1; ree...
- 219-4 Funds; Application of Payments.
(a) There is established a special fund to be known as the aquaculture loan revolving fund from which moneys shall be loaned by the...
- 219-5 Powers; Rules.
(a) The department shall have the necessary powers to carry out the purposes of this chapter, including the following: (1) Prescribe the qualifications for eligibility...
- 219-6 Loan; Limitation and Terms.
Loans made under this chapter shall be for the purposes and in accordance with the terms specified in classes "A", "B", "C", "D", and...
- 219-7 Loans Insured by the Department.
(1) The department of agriculture may insure up to ninety per cent of the principal balance of a loan, plus interest due thereon, made...
- 219-8 Participation in Loans by the Department.
(1) The department of agriculture may provide funds for a share, not to exceed ninety per cent, of the principal amount of a loan...
- 219-9 Direct Loans.
(a) The department of agriculture may make loans directly to qualified aquaculturists who are unable to obtain sufficient funds at reasonable rates from private...
Last modified: October 27, 2016