HB2216 authorizes the Department of Agriculture and Biosecurity to sell loans and increase the agricultural loan fund's expenditure ceiling.
HB2216 modifies Hawaii's agricultural loan programs by allowing the Department of Agriculture and Biosecurity to package and sell a portion of its loan portfolio to permitted third parties. The proceeds from these sales must be deposited into the agricultural loan revolving fund. The bill also increases the expenditure ceiling for the agricultural loan revolving fund to support the state's agricultural producers. This change responds to the high demand for agricultural loans following modifications made by Act 69 in 2025.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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