HI SB992

Establishes a new Class I biosecurity loan program for livestock operators to finance protective measures against diseases, pests, and pathogens affecting farm animals and food safety.

Defines "biosecurity" as a system protecting livestock, poultry, and humans from diseases and pathogens through measures that prevent disease-causing agents from entering, spreading, or leaving farm premises.

Class I loans provide up to $1,000,000 or 85% of project cost (whichever is less) for up to 25 years, covering farm building improvements, land improvements, equipment purchases, training, and signage related to biosecurity projects.

Extends loan program eligibility to classes A through I (previously A through F), allowing qualified farmers with sound credit ratings and repayment ability to access biosecurity financing.

Sets interest rate for Class I biosecurity loans at 3% per year, comparable to Class H farm sustainable project loans.